Avondale Meadows Academy Inc

Analysis

Avondale Meadows Academy Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Avondale Meadows Academy Inc reported income of $15.8m and spending of $15.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.5m to $15.8m (+36%), an average of +8.1% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Avondale Meadows Academy Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Columbia Independent School Inc ($15.8m), The Howard School Inc ($15.8m) and Murray State University Foundation ($15.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $207k (1.3% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $23.5m against liabilities of $21.1m, net assets of $2.4m. It reported 182 employees.