Aveson

Analysis

Aveson is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in July 2008, 18 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, Aveson reported income of $12.1m and spending of $10.8m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.3m to $12.1m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aveson sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include North American University ($12.1m), Northstar Public Schools ($12.1m) and Lashon Academy ($12.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $380k (3.5% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $6.3m against liabilities of $2.2m, net assets of $4.1m. It reported 164 employees.