Ayg Foundation Inc

Analysis

Ayg Foundation Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in June 2003, 23 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 December 2023, Ayg Foundation Inc reported income of $62k and spending of $31k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $25k to $62k (+147%), an average of +147% a year. The sharpest change came in the year to December 2023, when income rose by 147%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ayg Foundation Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Columbia Pathways to Recovery ($62k), Latino Advocacy Coalition of Henderson County Inc ($62k) and Society of St Vincent de Paul Community Outreach of North Texas ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.