Avenel Foundation

Analysis

Avenel Foundation is a registered charity in United States, based in Bedford, VA. It received its IRS tax-exemption ruling in December 1986, 40 years ago. 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, Avenel Foundation reported income of $76k and spending of $53k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $105k to $76k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Avenel Foundation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within VA. Charities of a similar size with the same main cause include Portland Bicycling Club ($76k), Alvarado Elementary PTO ($76k) and Road to Emmaus Foundation ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 33% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.