Ahead Energy Corporation

Analysis

Ahead Energy Corporation is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in October 1990, 36 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 May 2023, Ahead Energy Corporation reported income of $461k and spending of $213k, leaving 54% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $100k to $461k (+361%), an average of +46% a year. The sharpest change came in the year to May 2022, when income rose by 174%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ahead Energy Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Harvest House Inc ($461k), Vocal Point Inc ($461k) and Illinois Retired Teachers Association Foundation Inc ($461k).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 47% of the total. Compensation of current officers, directors and key employees was $36k (17% of expenses). Other salaries and wages came to $21k. At year end it held assets of $1.6m against liabilities of $1.2m, net assets of $425k.