The Avalon Foundation Inc

Analysis

The Avalon Foundation Inc is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Avalon Foundation Inc reported income of $3.1m and spending of $3.0m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.7m to $3.1m (+15%), an average of +3.5% a year. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Avalon Foundation Inc 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 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Orlando Philharmonic Plaza Foundation Inc ($3.1m), Studio Tenn Theatre Company ($3.1m) and Westmoreland Museum of Art ($3.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 36% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $150k (5.1% of expenses). Other salaries and wages came to $678k. At year end it held assets of $6.7m against liabilities of $941k, net assets of $5.8m. It reported 14 employees.