Avenidas

Analysis

Avenidas is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in August 1964, 62 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Avenidas reported income of $7.2m and spending of $7.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $7.2m (+7.4%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income dropped by 33%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Avenidas sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Masonic Home for Children at Oxford ($7.2m), The Young Mens Christian Association of the Capital Area ($7.2m) and Fort Worth Hope Center ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $650k (9.3% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $52.4m against liabilities of $817k, net assets of $51.6m. It reported 67 employees.