As part of a new subscriber‑only series of online articles which expands on our recent Guide to Multistakeholder Initiatives, we take a closer look at New York-based Accelerating Circularity, which was founded six years ago in a bid to build circular systems that turn used textiles into new, useful raw materials.
We’ll be publishing these updated MSI profiles weekly – spread over the coming months – to provide our subscribers with clear, searchable, structured resources to help readers navigate these organisations, understand their value, and make informed choices about who to engage based on their own specific needs and goals.
Accelerating Circularity’s 2024 Form 990 reveals an NGO that is still well‑capitalised but clearly in a transition phase: it is drawing down reserves after a one‑off seven‑figure grant and now needs to pivot from project‑style funding to a more diversified, recurring income model to sustain its current cost base.
Public‑support schedules show a single “unusual grant” of US$1.5 million received in 2023 from a foundation, explicitly intended to fund key programme work over three years rather than recur annually.
Management states that excluding this unusual grant, the public‑support ratio for 2024 would be 42.74%, and that there is a formal plan to diversify income and meet the on-third public‑support test through a broader donor base going forward.




