Awesome Foundation

Analysis

Awesome Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2019, 7 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, Awesome Foundation reported income of $1.5m and spending of $2.1m, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.9m to $1.5m (-71%), an average of -26% a year. The sharpest change came in the year to December 2022, when income dropped by 74%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Awesome Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Vida ($1.5m), Workshop Learning ($1.5m) and Whittier Public Library Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $691k (33% of expenses). Other salaries and wages came to $169k. At year end it held assets of $5.3m against liabilities of $590k, net assets of $4.8m. It reported 10 employees.