Auditory Verbal Center Inc

Analysis

Auditory Verbal Center Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in January 1978, 48 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, Auditory Verbal Center Inc reported income of $1.6m and spending of $1.5m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.6m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Auditory Verbal Center 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 84th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include Delta Christian School ($1.6m), Marcellus Ambulance Volunteer Emergency Services Inc ($1.6m) and Council on Chiropractic Education Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $113k (7.5% of expenses). Other salaries and wages came to $755k. At year end it held assets of $3.0m against liabilities of $1.6m, net assets of $1.4m. It reported 16 employees.