Athena Foundation

Analysis

Athena Foundation is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in November 1987, 39 years ago. 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, Athena Foundation reported income of $371k and spending of $317k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $351k to $371k (+5.6%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Athena Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Friends of the Museums Inc ($371k), Marin Charitable Association ($371k) and Disciples Foundation Inc ($371k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $57k (18% of expenses). Other salaries and wages came to $1,928. At year end it held assets of $64k against liabilities of $196k, net assets of -$133k. It reported 1 employees.