Axim Collaborative Inc

Analysis

Axim Collaborative Inc is a registered charity in United States, based in Cambridge, MA. 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Axim Collaborative Inc reported income of $15.4m and spending of $9.2m, leaving 40% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $76.0m to $15.4m (-80%), an average of -33% a year. The sharpest change came in the year to June 2022, when income rose by 756%. Over the whole period it spent 34% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Axim Collaborative Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Pinal Gila Community Child Services Inc ($15.4m), Horse Creek Academy ($15.4m) and Texas Institute of Graduate Medical Education and Research ($15.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $1.7m (18% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $734.9m against liabilities of $560k, net assets of $734.4m. It reported 15 employees.