Aats Foundation

Analysis

Aats Foundation is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in May 1973, 53 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aats Foundation reported income of $2.2m and spending of $2.7m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $2.2m (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 71% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Aats Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include The Village Project ($2.2m), Friends of Ngong Road ($2.2m) and East Tennessee Lions Eye Bank ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Other salaries and wages came to $327k. At year end it held assets of $12.8m against liabilities of $1.5m, net assets of $11.3m.