Avedisian 575 Foundation Inc

Analysis

Avedisian 575 Foundation Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Avedisian 575 Foundation Inc reported income of $331k and spending of $1.2m, spending 365% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.0m to $331k (-67%), an average of -43% a year. The sharpest change came in the year to December 2023, when income rose by 5232%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Avedisian 575 Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Ebenezer Christian School Inc ($331k), Jefferson Christian Academy ($331k) and World Association for Public Opinion Research Inc ($331k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.5% of the total. At year end it held assets of $32k against liabilities of $5,000, net assets of $27k.