Aim for Life Inc

Analysis

Aim for Life Inc is a registered charity in United States, based in Somerset, KY. It received its IRS tax-exemption ruling in March 1983, 43 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 December 2023, Aim for Life Inc reported income of $185k and spending of $175k, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $193k to $185k (-4.4%), an average of -1.5% a year. The sharpest change came in the year to December 2022, when income dropped by 31%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aim for Life Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within KY. Charities of a similar size with the same main cause include St Cloud Rotary Foundation Inc ($185k), Beacon Harbor It Inc ($185k) and Keystone Athletic Booster Club ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. Compensation of current officers, directors and key employees was $51k (29% of expenses). Other salaries and wages came to $45k. At year end it held assets of $242k against liabilities of $2,000, net assets of $240k. It reported 6 employees.