Aeris Insight Inc

Analysis

Aeris Insight Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aeris Insight Inc reported income of $2.4m and spending of $3.5m, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.4m (-0.2%), an average of -0.1% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Aeris Insight Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Lake County Community Development Corporation ($2.4m), Animal Humane Society Veterinary Centers PC ($2.4m) and Thumb Industries Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $417k (12% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.6m against liabilities of $993k, net assets of $617k. It reported 16 employees.