The Axiom Advancement Corporation

Analysis

The Axiom Advancement Corporation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 2021, 5 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 2022, The Axiom Advancement Corporation reported income of $579k and spending of $238k, leaving 59% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $60k to $579k (+858%), an average of +209% a year. The sharpest change came in the year to December 2021, when income rose by 268%. Over the whole period it spent 54% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Axiom Advancement Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Prospera Georgia LLC ($578k), Keith County Area Development Inc ($579k) and New Century Careers ($578k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Other salaries and wages came to $33k. At year end it held assets of $348k against liabilities of $49k, net assets of $299k. It reported 5 employees.