Aed Foundation Inc

Analysis

Aed Foundation Inc is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in January 1992, 34 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 December 2023, Aed Foundation Inc reported income of $4.3m and spending of $1.9m, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $4.3m (+312%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aed Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Trinity Christian School Inc ($4.3m), Algoma Christian School ($4.3m) and Kinetic Academy ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $170k (8.8% of expenses). Other salaries and wages came to $547k. At year end it held assets of $9.7m against liabilities of $284k, net assets of $9.4m.