Aces Education Foundation Inc

Analysis

Aces Education Foundation Inc is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Aces Education Foundation Inc reported income of $168k and spending of $123k, leaving 27% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $114k to $168k (+48%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Aces Education Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within CT. Charities of a similar size with the same main cause include Matrix Ministries Corp ($168k), Aauw-Wa Special Projects Fund ($168k) and Write253 ($168k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% of the total. Other salaries and wages came to $9,409. At year end it held assets of $149k against liabilities of $200, net assets of $148k.