Avow Foundation Inc

Analysis

Avow Foundation Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Avow Foundation Inc reported income of $8.8m and spending of $3.7m, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $8.8m (+71%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 51% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Avow Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Western Reserve Health Education Inc ($8.8m), Angel Flight West Inc ($8.8m) and Virtua Health Foundation Inc ($8.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $604k. At year end it held assets of $50.7m against liabilities of $148k, net assets of $50.6m. It reported 22 employees.