Advantix Development Corporation

Analysis

Advantix Development Corporation is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in February 2014, 12 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 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, Advantix Development Corporation reported income of $9.3m and spending of $4.4m, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $9.3m (+118%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Advantix Development Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Greene Lamp Incorporated ($9.2m), Central Susquehanna Opportunities Inc ($9.3m) and Goodwill Industries of Northern Wisconsin & Upper Michigan Inc ($9.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $4,100 (0.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $26.7m against liabilities of $5.6m, net assets of $21.1m. It reported 118 employees.