Aileron Corp

Analysis

Aileron Corp is a registered charity in United States, based in Tipp City, OH. It received its IRS tax-exemption ruling in November 2016, 10 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, Aileron Corp reported income of $11.1m and spending of $7.4m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.7m to $11.1m (+96%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aileron Corp sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Jefferson Rise Inc ($11.1m), Partnership Academy Inc ($11.1m) and Great River School ($11.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $886k (12% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $6.2m against liabilities of $1.0m, net assets of $5.2m. It reported 22 employees.