The Avenue Family Network Inc

Analysis

The Avenue Family Network Inc is a registered charity in United States, based in Benton Harbor, MI. It received its IRS tax-exemption ruling in October 2020, 6 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 September 2023, The Avenue Family Network Inc reported income of $2.6m and spending of $2.8m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.6m to $2.6m (+1.7%), an average of +0.4% a year. The sharpest change came in the year to September 2022, when income dropped by 16%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Avenue Family Network Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Olmsted Assisted Living Corporation ($2.6m), My Stuff Bags Foundation ($2.6m) and Sojourner Truth House Inc ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 29% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $118k (4.3% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $4.4m against liabilities of $4.0m, net assets of $431k. It reported 87 employees.