Aveni Foundation

Analysis

Aveni Foundation is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Aveni Foundation reported income of $709k and spending of $472k, leaving 33% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $1.2m to $709k (-40%), an average of -16% a year. The sharpest change came in the year to December 2023, when income rose by 682%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Aveni Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Other Options Inc ($709k), Grounds for Health Inc ($709k) and Physicians for Social Responsibility Pennsylvania Inc ($709k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $382k against liabilities of $274, net assets of $382k.