Advance

Analysis

Advance is a registered charity in United States, based in Brookings, SD. It received its IRS tax-exemption ruling in March 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Advance reported income of $8.7m and spending of $7.4m, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.8m to $8.7m (+50%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Advance sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within SD. Charities of a similar size with the same main cause include Woman Evolve Inc ($8.7m), Camp Kesem National ($8.7m) and Baptist Homes Inc ($8.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $158k (2.1% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $9.0m against liabilities of $1.2m, net assets of $7.7m. It reported 162 employees.