Aim High School

Analysis

Aim High School is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in July 2012, 14 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 August 2023, Aim High School reported income of $2.3m and spending of $2.5m, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.0m to $2.3m (+17%), an average of +3.9% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aim High School sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Minnewaska Laker Foundation ($2.3m), Creative Ladder ($2.3m) and Smart Start Partnership for Children Inc ($2.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $254k (10% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $4.0m against liabilities of $651k, net assets of $3.3m. It reported 29 employees.

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.