Ays Inc

Analysis

Ays Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Ays Inc reported income of $6.7m and spending of $7.0m, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $12.6m to $6.7m (-47%), an average of -12% a year. The sharpest change came in the year to June 2020, when income dropped by 64%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ays Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Eastern Connecticut Area Agency on Aging Inc ($6.6m), Shenango Valley Urban League ($6.7m) and Shalimare Incorporated ($6.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 24% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $368k (5.3% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $14.1m against liabilities of $670k, net assets of $13.4m. It reported 300 employees.