Friends of Ave Maria School of Law

Analysis

Friends of Ave Maria School of Law is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Ave Maria School of Law reported income of $296k and spending of $55k, leaving 82% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $296k (-76%), an average of -30% a year. The sharpest change came in the year to June 2022, when income rose by 519%. Over the whole period it spent 6.7% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Ave Maria School of Law sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Angel Hearts Childcare Ministry 2 Inc ($296k), Ralph E Noddin Home and School Club ($296k) and Altura Foundation ($296k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.