Ave Philomena Inc

Analysis

Ave Philomena Inc is a registered charity in United States, based in Olathe, KS. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ave Philomena Inc reported income of $1.4m and spending of $319k, leaving 78% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.2m to $1.4m (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 15% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ave Philomena Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within KS. Charities of a similar size with the same main cause include Righteous Rides ($1.4m), Foundations Christian Montessori Academy of Sarasota Inc ($1.4m) and New Life Baptist Church ($1.4m).

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 $35k (11% of expenses). Other salaries and wages came to $52k. At year end it held assets of $2.9m against liabilities of $705k, net assets of $2.2m. It reported 4 employees.