Awaken Inc

Analysis

Awaken Inc is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Awaken Inc reported income of $2.0m and spending of $1.9m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.0m (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Awaken Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NV. Charities of a similar size with the same main cause include Inn Between of Longmont Inc ($2.0m), The@kelsey ($2.0m) and Augustana Apts of Hastings ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $243k (13% of expenses). Other salaries and wages came to $956k. At year end it held assets of $4.0m against liabilities of $441k, net assets of $3.6m. It reported 28 employees.