Avasant Foundation

Analysis

Avasant Foundation is a registered charity in United States, based in El Segundo, CA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Avasant Foundation reported income of $923k and spending of $245k, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $923k (+323%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 148%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Avasant Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Kellogg Hubbard Library ($923k), Western Reserve University School of Medicine Endowment Trust ($924k) and Seafood Industry Research Fund Inc ($923k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 1.7% of the total. At year end it held assets of $1.2m against liabilities of $19k, net assets of $1.2m.