Avis Foundation Inc
Avis Foundation Inc. maintains substantial assets despite volatile revenue and operating deficits in recent years.
EIN: 205063209 · Upland, IN · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16.3M |
| Total Expenses | $3.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $49 |
| Net Assets | $49.2M |
| Transparency Score | 85/100 |
Is Avis Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Avis Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Avis Foundation Inc
Avis Foundation Inc (EIN: 205063209) is a nonprofit organization based in Upland, IN, classified under NTEE code T21. The organization reported total revenue of $16.3M and total assets of $51.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Avis Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Avis Foundation Inc is a large nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $3.1M |
| Surplus / Deficit | $-1,650,186 |
| Total Assets | $49.2M |
| Total Liabilities | $1 |
| Net Assets | $49.2M |
| Operating Margin | -117.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 193.5 months |
Financial Health Grade: B
In 2023, Avis Foundation Inc reported a deficit of $1.7M with expenses exceeding revenue, holds 193.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -95.9% | +45.7% | -3.0% |
| 2022 | +1887.4% | +70.7% | +173.2% |
| 2020 | -104.5% | +12.8% | -6.6% |
| 2019 | +7335.0% | +2198.7% | +11066.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Avis Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Avis Foundation Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly unusual for an organization with assets exceeding $49 million and suggests a volunteer-led or externally funded management structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Avis Foundation Inc's IRS 990 filings:
- Significant revenue volatility, including negative revenue in 2020 ($-202,020).
- Expenses exceeding revenue in the most recent filing (2023: Revenue=$1,400,832, Expenses=$3,051,018), indicating an operating deficit.
- Unusually low liabilities ($1 across multiple years) which might suggest incomplete reporting or a highly unique financial structure.
Strengths
The following positive indicators were identified for Avis Foundation Inc:
- Zero officer compensation reported across all filings, indicating a highly efficient use of funds for leadership.
- Substantial asset base ($49,195,531 in 2023) provides financial stability and capacity for grantmaking.
- Consistent reporting of financial data over 10 periods demonstrates transparency in filing.
Frequently Asked Questions about Avis Foundation Inc
Is Avis Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Avis Foundation Inc (EIN: 205063209) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Avis Foundation Inc spend its money?
Avis Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Avis Foundation Inc tax-deductible?
Avis Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205063209). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Avis Foundation Inc CEO make?
Avis Foundation Inc's highest-compensated officer earns $49 annually. The organization reported $16.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Avis Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Avis Foundation Inc is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Avis Foundation Inc located?
Avis Foundation Inc is headquartered in Upland, Indiana and files with the IRS under EIN 205063209. It is classified under NTEE code T21.
How many years of IRS 990 filings does Avis Foundation Inc have?
Avis Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $16.3M in total revenue.
How does Avis Foundation Inc. manage its significant asset base given its fluctuating revenues?
The foundation's substantial assets, reaching over $50 million in 2022 and $49 million in 2023, suggest a strong endowment or investment strategy that allows it to continue operations and grantmaking despite periods of negative net income, such as the $-202,020 revenue in 2020 or the $1,400,832 revenue against $3,051,018 expenses in 2023.
What is the primary source of the Avis Foundation Inc.'s revenue, given its volatility?
The extreme fluctuations in revenue, from $34,233,871 in 2022 to $1,400,832 in 2023 and even negative revenue in 2020, suggest that the foundation's income may be heavily reliant on investment returns, large one-time donations, or specific asset sales rather than consistent operational income.
How does the organization sustain operations with zero reported officer compensation?
The consistent reporting of 0% officer compensation implies that the foundation's leadership is either entirely volunteer-based, compensated through an external entity, or that the compensation is categorized differently within the expense structure, though the latter is less likely given the explicit 'Officer Comp' field.
Filing History
IRS 990 filing history for Avis Foundation Inc showing financial trends over 10 years of public records:
Total assets increased by 160360.3% over the same period, from $31K to $49.2M. Total functional expenses rose by 11541.6%, from $26K to $3.1M. In its most recent filing year (2023), Avis Foundation Inc reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $1 in liabilities against $49.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $49.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $3.1M | $49.2M | $1 | — | View 990 |
| 2022 | $34.2M | $2.1M | $50.7M | $1 | — | View 990 |
| 2021 | $1.7M | $1.2M | $18.6M | $1 | — | View 990 |
| 2020 | $-202,020 | $1.1M | $18.1M | $1 | — | — |
| 2019 | $4.5M | $945K | $19.3M | $1 | — | View 990 |
| 2015 | $60K | $41K | $173K | $1 | — | View 990 |
| 2014 | $60K | $63K | $154K | $1 | — | View 990 |
| 2013 | $155K | $11K | $157K | $1 | — | View 990 |
| 2012 | $1 | $17K | $13K | $1 | — | View 990 |
| 2011 | $0 | $26K | $31K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $3.1M, and assets of $49.2M (revenue -95.9% year-over-year).
- 2022: Revenue of $34.2M, expenses of $2.1M, and assets of $50.7M (revenue +1887.4% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.2M, and assets of $18.6M.
- 2020: Revenue of $-202,020, expenses of $1.1M, and assets of $18.1M (revenue -104.5% year-over-year).
- 2019: Revenue of $4.5M, expenses of $945K, and assets of $19.3M (revenue +7335.0% year-over-year).
- 2015: Revenue of $60K, expenses of $41K, and assets of $173K (revenue +0.0% year-over-year).
- 2014: Revenue of $60K, expenses of $63K, and assets of $154K (revenue -61.3% year-over-year).
- 2013: Revenue of $155K, expenses of $11K, and assets of $157K (revenue +15499900.0% year-over-year).
- 2012: Revenue of $1, expenses of $17K, and assets of $13K.
- 2011: Revenue of $0, expenses of $26K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Avis Foundation Inc:
Data Sources and Methodology
This transparency report for Avis Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.