Aactmad

Analysis

Aactmad is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in July 1975, 51 years ago. 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, Aactmad reported income of $62k and spending of $55k, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $49k to $62k (+26%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 182%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aactmad sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 24th percentile within MI. Charities of a similar size with the same main cause include Friends of the Weston Public Library Incorporated ($62k), The Rotary Club of Miami Florida Foundation Inc ($62k) and Queens Club Inc ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 71% of the total. At year end it held assets of $589k against liabilities of $0, net assets of $589k.