Avamar Foundation

Analysis

Avamar Foundation is a registered charity in United States, based in Warren, OH. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Avamar Foundation reported income of $440k and spending of $40k, leaving 91% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $440k (+725%), an average of +725% a year. The sharpest change came in the year to December 2023, when income rose by 725%. Over the whole period it spent 16% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Avamar Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Equifund Organization Inc ($440k), Economy Shop ($440k) and Lutheran Family and Childrens Services Foundation Inc ($440k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 110% of the total. At year end it held assets of $659k against liabilities of $0, net assets of $659k.