Avicenna Academy Inc

Analysis

Avicenna Academy Inc is a registered charity in United States, based in Valparaiso, IN. It received its IRS tax-exemption ruling in July 2004, 22 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, Avicenna Academy Inc reported income of $71k and spending of $120k, spending 167% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $494k to $71k (-86%), an average of -48% a year. The sharpest change came in the year to June 2023, when income dropped by 90%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Avicenna Academy Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within IN. Charities of a similar size with the same main cause include Scott County Band Boosters Inc ($71k), Rural Point Parent Teacher Organization ($71k) and North Carolina Heroes Fund Incorporated ($71k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 14% of the total. Other salaries and wages came to $37k. At year end it held assets of $2.3m against liabilities of $1.1m, net assets of $1.2m. It reported 8 employees.