Aoki Diabetes Research Institute Inc

Analysis

Aoki Diabetes Research Institute Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in April 1993, 33 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aoki Diabetes Research Institute Inc reported income of $113k and spending of $145k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $190k to $113k (-41%), an average of -12% a year. The sharpest change came in the year to December 2021, when income dropped by 43%. Over the whole period it spent 218% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aoki Diabetes Research Institute Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Colorectal Team Overseas ($113k), Eastern United States Pipe Band Association ($113k) and Port Alsworth Improvement Corporation ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. Other salaries and wages came to $54k. At year end it held assets of $40k against liabilities of $1.4m, net assets of -$1.3m. It reported 2 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.