Accelerate Long Island Inc
Public records raise at least one point you should look into before giving.
What it says it does
A UNIQUE COLLABORATION AMONG LONG ISLAND'S WORLD CLASS RESEARCH INSTITUTIONS AND ITS BUSINESS COMMUNITY TO COMMERCIALIZE RESEARCH AND CREATE AN ENTREPRENEURIAL ECOSYSTEM.
- Income
- $243,283
- Spending
- $229,798
- Employees
- 0
- Volunteers
- 0
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- ACCELERATE LONG ISLAND (ALI), A NON-PROFIT FOUNDED IN 2011, HAS AN EXTENSIVE AND COMMITTED TRACK RECORD OF ACCELERATING GROWTH FOR LONG ISLAND BASED HIGH TECHNOLOGY STARTUPS. ALI LEADS A UNIQUE COLLABORATION AMONG LONG ISLAND'S WORLD CLASS RESEARCH INSTITUTIONS AND ITS BUSINESS COMMUNITY TO COMMERCIALIZE RESEARCH AND CREATE AN ENTREPRENEURIAL ECOSYSTEM. ALI FOCUSES ON HIGH-TECHNOLOGY COMPANIES EMANATING FROM THE REGION'S RESEARCH AND ACADEMIC INSTITUTIONS AND HIGH-GROWTH STARTUPS IN OUR REGION.
- ALI WAS AWARDED THE LONG ISLAND INNOVATION HOT SPOT ("LIIHS") GRANT ISSUED BY NEW YORK STATE EMPIRE STATE DEVELOPMENT ("ESD") IN 2023. THE CONTRACT PERIOD BEGAN ON JANUARY 1, 2023, AND ENDS ON DECEMBER 31, 2027, WITH TOTAL GRANT FUNDING OF $1,250,000 FROM ESD. THIS IS MATCHED BY FUNDING OF $250,000 FROM ALI AND $1,050,000 FROM THE GRANT CO-APPLICANTS, WHICH INCLUDE THE LONG ISLAND HIGH TECHNOLOGY INCUBATOR, THE RESEARCH FOUNDATION FOR THE STATE UNIVERSITY OF NEW YORK, HOFSTRA UNIVERSITY, NEW YORK INSTIUTE OF TECHNOLOGY, AND BROAD HOLLOW BIOSCIENCE PARK. THE PURPOSE OF LIIHS IS TO ADMINISTER A NYS TAX INCENTIVE AND PROFESSIONAL SERVICES REIMBURSEMENT PROGRAM FOR EARLY-STAGE COMPANIES TO HELP THEM GROW. ALI CONNECTS EARLY-STAGE COMPANIES WITH INCUBATOR SPACE THROUGHOUT ITS NETWORK, COORDINATES WORKSHOPS AND EVENTS ACROSS LONG ISLAND, COLLABORATES WITH THE HOT SPOT ADVISORY BOARD, AND MANAGES A CENTRALIZED PROFESSIONAL SERVICE SUPPORT PROGRAM.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 2014.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.