Avixa Foundation Inc

Analysis

Avixa Foundation Inc is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Avixa Foundation Inc reported income of $89k and spending of $56k, leaving 37% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $82k to $89k (+7.8%), an average of +2.5% a year. The sharpest change came in the year to December 2023, when income rose by 127%. Over the whole period it spent 122% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Avixa Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within VA. Charities of a similar size with the same main cause include Guttenberg Economic and Industrial Development Committee ($89k), South Jersey Resource Conservation and Development Council Inc ($89k) and Cape Cod Canal Region Foundation Inc ($89k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $1.6m against liabilities of $126k, net assets of $1.5m.