Aaem Foundation Inc

Analysis

Aaem Foundation Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aaem Foundation Inc reported income of $268k and spending of $633k, spending 237% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $36k to $268k (+640%), an average of +65% a year. The sharpest change came in the year to December 2022, when income rose by 190%. Over the whole period it spent 181% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Aaem Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within WI. Charities of a similar size with the same main cause include Central County United Way ($267k), Concordia University Foundation ($268k) and Winter Haven Chamber Foundation Inc ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $73k against liabilities of $53k, net assets of $20k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.