Azmera

Analysis

Azmera is a registered charity in United States, based in Erie, CO. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Azmera reported income of $408k and spending of $378k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $290k to $408k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Azmera sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within CO. Charities of a similar size with the same main cause include Folds of Honor Foundation ($408k), Bradford Area Christian Academy Inc ($408k) and Juan Felipe Gomez Escobar Foundation Inc ($408k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $64k (17% of expenses). Other salaries and wages came to $53k. At year end it held assets of $269k against liabilities of $23k, net assets of $245k. It reported 3 employees.