Averroes Project

Analysis

Averroes Project is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Averroes Project reported income of $182k and spending of $83k, leaving 54% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $768k to $182k (-76%), an average of -38% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 19% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Averroes Project sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Bomber Elite Inc ($182k), Inspire Learning Academy Inc ($182k) and Ec Springfield Realty Inc ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $1.1m against liabilities of $4,100, net assets of $1.1m.