Aami Foundation Inc

Analysis

Aami Foundation Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Aami Foundation Inc reported income of $259k and spending of $378k, spending 146% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $258k to $259k (+0.7%), an average of +0.2% a year. The sharpest change came in the year to September 2022, when income rose by 55%. Over the whole period it spent 127% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aami Foundation Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within VA. Charities of a similar size with the same main cause include World Academy of Arts and Science ($259k), First Hand Learning Inc ($260k) and Atlanta Young Singers of Callanwolde Inc ($259k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $4.6m against liabilities of $2,829, net assets of $4.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.