Aoac International

Analysis

Aoac International is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Aoac International reported income of $5.7m and spending of $7.3m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.1m to $5.7m (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Aoac International sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Share Equity ($5.7m), Memorial Health Foundation ($5.7m) and St Lukes Physician Network Inc ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $835k (11% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $10.5m against liabilities of $6.8m, net assets of $3.6m. It reported 28 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.