Ave Maria Home

Analysis

Ave Maria Home is a registered charity in United States, based in Bartlett, TN. It received its IRS tax-exemption ruling in September 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Ave Maria Home reported income of $23.1m and spending of $22.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.4m to $23.1m (+41%), an average of +8.9% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ave Maria Home sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Adec Inc ($23.1m), Redwood Community Services Inc ($23.1m) and Sunrise 2000 Inc ($23.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Other salaries and wages came to $11.2m. At year end it held assets of $26.5m against liabilities of $20.7m, net assets of $5.8m. It reported 465 employees.