Aidsnet

Analysis

Aidsnet is a registered charity in United States, based in Bethlehem, PA. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2024, Aidsnet reported income of $3.8m and spending of $3.8m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.6m to $3.8m (+50%), an average of +11% a year. The sharpest change came in the year to June 2024, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Aidsnet sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Recovery Resources ($3.8m), Harbor House of Jackson Inc ($3.8m) and Arthritis National Research Foundation ($3.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $106k (2.8% of expenses). Other salaries and wages came to $218k. At year end it held assets of $1.1m against liabilities of $955k, net assets of $129k. It reported 4 employees.