Imagine Avondale Elementary Inc

Analysis

Imagine Avondale Elementary Inc is a registered charity in United States, based in Avondale, AZ. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Imagine Avondale Elementary Inc reported income of $5.9m and spending of $5.6m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.0m to $5.9m (+17%), an average of +4.1% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Imagine Avondale Elementary Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within AZ. Charities of a similar size with the same main cause include Association of American Law Schools Inc ($5.9m), Yb Columbus Community School ($5.9m) and Friends of Marion P Thomas Charter School a New Jersey Nonprofit Corp ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $51k (0.9% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $9.3m against liabilities of $9.4m, net assets of -$17k. It reported 81 employees.