Aga Khan Foundation USA

Analysis

Aga Khan Foundation USA is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1981, 45 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Aga Khan Foundation USA reported income of $64.9m and spending of $64.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $173.5m to $64.9m (-63%), an average of -22% a year. The sharpest change came in the year to December 2020, when income dropped by 71%. Over the whole period it spent 68% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Aga Khan Foundation USA sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 97th percentile within DC. Charities of a similar size with the same main cause include Atlantic Council of the U S Inc ($63.6m), Feed My Starving Children ($66.1m) and Amnesty International of the USA Inc ($63.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $1.5m (2.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $580.0m against liabilities of $40.8m, net assets of $539.2m. It reported 33 employees.