Aerie Inc

Analysis

Aerie Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Aerie Inc reported income of $173k and spending of $254k, spending 147% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $155k to $173k (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 268%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aerie Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within OK. Charities of a similar size with the same main cause include Giving the Glam Inc ($173k), Foundation for Exceptional Warriors Inc ($173k) and Redbird Ministries ($173k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $28k. At year end it held assets of $575k against liabilities of $1.3m, net assets of -$721k. It reported 2 employees.