Advance Financial Foundation

Analysis

Advance Financial Foundation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Advance Financial Foundation reported income of $659k and spending of $821k, spending 125% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $377k to $659k (+75%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Advance Financial Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within TN. Charities of a similar size with the same main cause include Living Streets Alliance ($659k), Buckhannon-Upshur Work Adjustment Center Inc ($660k) and Clarion County Economic Development Corporation ($658k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $405k against liabilities of $194k, net assets of $212k.