Avery Association for Exceptional Citizens Inc

Analysis

Avery Association for Exceptional Citizens Inc is a registered charity in United States, based in Newland, NC. It received its IRS tax-exemption ruling in April 1976, 50 years ago. Its declared purposes cover employment, 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 June 2023, Avery Association for Exceptional Citizens Inc reported income of $1.2m and spending of $1.2m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $931k to $1.2m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Avery Association for Exceptional Citizens Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Grow Grand Island ($1.2m), Carondelet Community Betterment Federation Inc ($1.2m) and Hbcu Founders Initiative ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $46k (3.8% of expenses). Other salaries and wages came to $686k. At year end it held assets of $1.2m against liabilities of $120k, net assets of $1.1m. It reported 34 employees.