Aapi Equity Alliance

Analysis

Aapi Equity Alliance is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Aapi Equity Alliance reported income of $6.1m and spending of $6.2m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $576k to $6.1m (+966%), an average of +120% a year. The sharpest change came in the year to June 2021, when income rose by 532%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aapi Equity Alliance sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Childrens Hunger Fund Legacy Foundation ($6.1m), Greater Columbus Community House ($6.1m) and Esperanza United ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $194k (3.1% of expenses). Other salaries and wages came to $976k. At year end it held assets of $3.1m against liabilities of $1.6m, net assets of $1.4m. It reported 14 employees.