Aaim Education Center Inc

Analysis

Aaim Education Center Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in August 1978, 48 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aaim Education Center Inc reported income of $2.1m and spending of $2.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $2.1m (-9.2%), an average of -2.4% a year. The sharpest change came in the year to December 2020, when income dropped by 55%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aaim Education Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MO. Charities of a similar size with the same main cause include Chiles Academy Inc ($2.1m), Lomas Child Development Inc ($2.1m) and Temima the Richard and Jean Katz High School for Girls Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $131k (6.0% of expenses). Other salaries and wages came to $461k. At year end it held assets of $596k against liabilities of $1.2m, net assets of -$583k.

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.