Avj Foundation

Analysis

Avj Foundation is a registered charity in United States, based in Abilene, TX. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Avj Foundation reported income of $404k and spending of $188k, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5,281 to $404k (+7542%), an average of +196% a year. The sharpest change came in the year to June 2021, when income rose by 3680%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Avj Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include East Side Business Improvement District ($403k), Troy Local Development Corporation ($404k) and Newport County Development Council ($403k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $358k against liabilities of $0, net assets of $358k.