Avenir Health Inc

Analysis

Avenir Health Inc is a registered charity in United States, based in Glastonbury, CT. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Avenir Health Inc reported income of $10.0m and spending of $9.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.7m to $10.0m (+3.1%), an average of +0.8% a year. The sharpest change came in the year to December 2020, when income dropped by 16%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Avenir Health Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within CT. Charities of a similar size with the same main cause include Tug River Health Association Inc ($10.0m), Immergrun Inc ($10.0m) and Wishek Hospital Clinic Association ($10.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $492k (5.0% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $6.2m against liabilities of $5.2m, net assets of $1.0m. It reported 44 employees.