Arewa Aid Inc

Analysis

Arewa Aid Inc is a registered charity in United States, based in Gallatin, TN. It received its IRS tax-exemption ruling in July 2007, 19 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, Arewa Aid Inc reported income of $233k and spending of $243k, spending 105% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $348k to $233k (-33%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Arewa Aid Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within TN. Charities of a similar size with the same main cause include Love Cradle USA Inc ($233k), Rotary Club of Asheville Foundation Inc ($233k) and S L I McLaughlin House Inc ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $36k (15% of expenses). At year end it held assets of $86k against liabilities of $0, net assets of $86k.

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.