International Aae Inc

Analysis

International Aae Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1983, 43 years ago. 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 December 2023, International Aae Inc reported income of $1.1m and spending of $1.3m, spending 120% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $251k to $1.1m (+343%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 359%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Aae Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include The Literacy Network of Greater Cincinnati ($1.1m), Little Galilee Christian Assembly ($1.1m) and Center for Economic and Social Rights Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,009 against liabilities of $418k, net assets of -$417k.

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.