Aalas Foundation

Analysis

Aalas Foundation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aalas Foundation reported income of $347k and spending of $192k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $262k to $347k (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 74% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Aalas Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within TN. Charities of a similar size with the same main cause include Thats What Friends Are for Inc ($347k), Medfield Animal Shelter Inc ($348k) and Hoffmeyer Animal Rescue Inc ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $1.5m against liabilities of $26k, net assets of $1.5m.