Avenues to Independence

Analysis

Avenues to Independence is a registered charity in United States, based in Park Ridge, IL. It received its IRS tax-exemption ruling in March 1954, 72 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Avenues to Independence reported income of $7.4m and spending of $6.9m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $7.4m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Avenues to Independence sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Creating Resources for Empowerment and Action Inc ($7.4m), Pride Community Services Inc ($7.4m) and Alliance for Workforce Development Inc ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $256k (3.7% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $1.9m against liabilities of $872k, net assets of $1.1m. It reported 123 employees.