Audacia Foundation Inc

Analysis

Audacia Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2010, 16 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 December 2023, Audacia Foundation Inc reported income of $142k and spending of $1.1m, spending 761% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.8m to $142k (-98%), an average of -62% a year. The sharpest change came in the year to December 2023, when income dropped by 95%. 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, Audacia Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Red Thread Institute ($142k), Bethany Childrens House Inc ($142k) and Set Seg Foundation ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $421k (39% of expenses). Other salaries and wages came to $100k. At year end it held assets of $188k against liabilities of $93k, net assets of $95k. It reported 5 employees.