Avela - a Vision for Engineering Literacy & Access

Analysis

Avela - a Vision for Engineering Literacy & Access is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in December 2022, 4 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, Avela - a Vision for Engineering Literacy & Access reported income of $450k and spending of $267k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $175k to $450k (+157%), an average of +157% a year. The sharpest change came in the year to December 2023, when income rose by 157%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Avela - a Vision for Engineering Literacy & Access sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within WA. Charities of a similar size with the same main cause include American College Credit Scholars in ($450k), Gateways Academy Inc ($450k) and Desert Community College District Auxiliary Services ($450k).

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 $72k (27% of expenses). At year end it held assets of $337k against liabilities of $0, net assets of $337k.