Avenue Scholars

Analysis

Avenue Scholars is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Avenue Scholars reported income of $5.0m and spending of $5.0m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.8m to $5.0m (+32%), an average of +7.3% a year. The sharpest change came in the year to August 2020, when income rose by 35%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Avenue Scholars sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within NE. Charities of a similar size with the same main cause include The Carroll Community College Foundation Inc ($5.0m), Bloom Academy Inc ($5.1m) and Vibrant Minds Charter School ($5.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $984k (20% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $2.8m against liabilities of $656k, net assets of $2.2m. It reported 44 employees.