Axeals Foundation

Analysis

Axeals Foundation is a registered charity in United States, based in RCH Palos VRD, CA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. 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, Axeals Foundation reported income of $1.0m and spending of $1.1m, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $8,850 to $1.0m (+11563%), an average of +980% a year. The sharpest change came in the year to December 2022, when income rose by 10195%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Axeals Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Rose Fire Company No 1 Volunteer Fire Rescue & Ambulance ($1.0m), Trinity Play Group Inc ($1.0m) and Golden State Youth Orchestra Association ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $150k (14% of expenses). At year end it held assets of $488k against liabilities of $4,740, net assets of $483k.