Avid Center

Analysis

Avid Center is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Avid Center reported income of $86.9m and spending of $81.8m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $79.0m to $86.9m (+10%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Avid Center sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Hood College of Frederick MD ($86.9m), Alma College ($87.0m) and Tiger Athletic Foundation ($86.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $3.5m (4.3% of expenses). Other salaries and wages came to $35.0m. At year end it held assets of $149.0m against liabilities of $37.7m, net assets of $111.3m. It reported 965 employees.