Avance Schools Inc

Analysis

Avance Schools Inc is a registered charity in United States, based in Highland Park, CA. It received its IRS tax-exemption ruling in November 2007, 19 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, Avance Schools Inc reported income of $8.2m and spending of $8.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $8.2m (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Avance Schools Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include New Schools for Alabama ($8.2m), Maui Preparatory Academy ($8.2m) and Civica Nevada ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $232k (2.8% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $4.2m against liabilities of $3.8m, net assets of $346k. It reported 74 employees.