Aim Higher Foundation

Analysis

Aim Higher Foundation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Aim Higher Foundation reported income of $2.1m and spending of $3.0m, spending 143% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.1m (+2.8%), an average of +0.7% a year. The sharpest change came in the year to June 2020, when income rose by 258%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Aim Higher Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Strong Tower Christian Media ($2.1m), Chayenu Inc ($2.1m) and Christian Leaders Ministries Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $184k (6.1% of expenses). Other salaries and wages came to $216k. At year end it held assets of $6.2m against liabilities of $2.7m, net assets of $3.5m. It reported 5 employees.