Advanced Outsource Solutions Inc

Analysis

Advanced Outsource Solutions Inc is a registered charity in United States, based in Alton, IL. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Advanced Outsource Solutions Inc reported income of $2.6m and spending of $2.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.6m (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 189%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Advanced Outsource Solutions Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Outreach Alliance of Ventura County ($2.6m), Milwaukee Downtown Inc ($2.6m) and Experience Greater Green Bay Corporation ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $552k against liabilities of $744k, net assets of -$192k. It reported 577 employees.