Aealas of Ohio Inc

Analysis

Aealas of Ohio Inc is a registered charity in United States, based in Independence, OH. It received its IRS tax-exemption ruling in December 2021, 5 years ago. 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, Aealas of Ohio Inc reported income of $4.8m and spending of $5.3m, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.3m to $4.8m (+12%), an average of +3.7% a year. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aealas of Ohio Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Pennsylvania Association for the Blind ($4.8m), Hope Center for Children ($4.8m) and Sonoma County Public Library Foundation ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $4.4m against liabilities of $6.7m, net assets of -$2.4m. It reported 77 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.