Avenues to Independence Foundation

Analysis

Avenues to Independence Foundation is a registered charity in United States, based in Park Ridge, IL. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Avenues to Independence Foundation reported income of $1.2m and spending of $2.2m, spending 180% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.2m (-34%), an average of -9.9% a year. The sharpest change came in the year to June 2022, when income rose by 464%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Avenues to Independence Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Love Out Loud ($1.2m), Highlands Senior Service Center Inc ($1.2m) and Abc-123 Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% of the total. Other salaries and wages came to $58k. At year end it held assets of $12.2m against liabilities of $1.6m, net assets of $10.7m.