Avant Garde Academy Foundation Inc

Analysis

Avant Garde Academy Foundation Inc is a registered charity in United States, based in Hollywood, FL. It received its IRS tax-exemption ruling in July 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 June 2023, Avant Garde Academy Foundation Inc reported income of $21.0m and spending of $21.0m, spending 100% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $17.3m to $21.0m (+22%), an average of +10% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Avant Garde Academy Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Blue Learning ($21.0m), Cristo Rey Philadelphia High School ($21.0m) and Alder Graduate School of Education ($21.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $401k (1.9% of expenses). Other salaries and wages came to $8.7m. At year end it held assets of $53.6m against liabilities of $50.6m, net assets of $3.0m. It reported 285 employees.