AIDS Resource Foundation for Children

Analysis

AIDS Resource Foundation for Children is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in January 1988, 38 years ago. 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 June 2023, AIDS Resource Foundation for Children reported income of $4.9m and spending of $5.0m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.2m to $4.9m (-47%), an average of -15% a year. The sharpest change came in the year to June 2021, when income dropped by 23%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, AIDS Resource Foundation for Children sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Boy Scouts of America ($4.9m), Ronald McDonald House Charities of Oklahoma City Inc ($4.9m) and Big Brothers Big Sisters of the Bay Area ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $180k (3.6% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $1.5m against liabilities of $2.6m, net assets of -$1.1m. It reported 84 employees.