Overview

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Est.

2015

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

The Avenue Concept Inc is a nonprofit organization dedicated to bringing sustainable public art to Rhode Island, with a mission to support and promote public art and artists while providing educational programs for local youth and the general public. With an operating budget of $1 million and total revenue of $1.2 million for the 2024 filing year, the organization is financially robust and actively engaged in its community. It does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its initiatives. For more information, visit their website at theavenueconcept.org.

Mission Statement

TO BRING SUSTAINABLE PUBLIC ART TO RHODE ISLAND. SUPPORTING AND PROMOTING PUBLIC ART AND ARTISTS AMONG THE GENERAL PUBLIC AS WELL AS PROVIDING EDUCATIONAL PROGRAMS TO LOCAL YOUTH AND THE GENERAL PUBLIC.
Revenues
$1.2M
Expenses
$1M
Net Income:
+$113K
Assets
$1.2M
Liabilities
$25.4K
Net Assets:
+$1.2M
Operating Budget
$1M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
12
Median grant size
$20K
Largest grant received
$326.8K
Y
Yarrow Thorne
Board Member
E
Edward Lawrence
Board Member
C
Charles Denby Ii
Board Member

Frequently Asked Questions

What is THE AVENUE CONCEPT INC’s budget?
In 2024, THE AVENUE CONCEPT INC reported an annual operating budget of around $1 million. More detailed financial information is available to registered users.
What causes does THE AVENUE CONCEPT INC support?
THE AVENUE CONCEPT INC supports work in Arts education.
Where does THE AVENUE CONCEPT INC operate?
THE AVENUE CONCEPT INC is headquartered in PROVIDENCE, RI.
Who funded THE AVENUE CONCEPT INC recently?
In 2024, THE AVENUE CONCEPT INC received grants from THE RHODE ISLAND COMMUNITY FOUNDATION, The Thorne Cox Family Foundation C/O Brown Advisory, and RALPH R PAPITTO & BARBARA A PAPITTO PRIVATE FAMILY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant THE AVENUE CONCEPT INC received in 2024?
The largest grant to THE AVENUE CONCEPT INC in 2024 exceeds $327 thousand.
What is THE AVENUE CONCEPT INC’s reliance on government grants?
THE AVENUE CONCEPT INC relied on government grants for less than 5% of their total revenue in 2024.