Avenues Inc

Analysis

Avenues Inc is a registered charity in United States, based in Hannibal, MO. It received its IRS tax-exemption ruling in February 1986, 40 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 June 2023, Avenues Inc reported income of $978k and spending of $1.2m, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $760k to $978k (+29%), an average of +8.8% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Avenues Inc sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within MO. Charities of a similar size with the same main cause include Compassionate Touch Inc ($978k), Advocates for Urban Agriculture NFP ($978k) and Safe Harbor ($977k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $140k (12% of expenses). At year end it held assets of $795k against liabilities of $326k, net assets of $469k. It reported 17 employees.