Associated Industries of Arkansas Foundation Inc

Analysis

Associated Industries of Arkansas Foundation Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in January 2016, 10 years ago. 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, Associated Industries of Arkansas Foundation Inc reported income of $2.8m and spending of $2.2m, leaving 23% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $410k to $2.8m (+589%), an average of +90% a year. The sharpest change came in the year to December 2022, when income rose by 150%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Associated Industries of Arkansas Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within AR. Charities of a similar size with the same main cause include Independent School Association of the Central States Inc ($2.8m), Cottage Grove Athletic Association ($2.8m) and Foundation of the Federal Bar Association ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 28% of the total. At year end it held assets of $2.1m against liabilities of $126k, net assets of $2.0m.