Aware Inc

Analysis

Aware Inc is a registered charity in United States, based in Anaconda, MT. It received its IRS tax-exemption ruling in February 1980, 46 years ago. 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, Aware Inc reported income of $45.8m and spending of $45.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $36.4m to $45.8m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aware Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MT. Charities of a similar size with the same main cause include Goodwill Industries of North Florida Inc ($45.7m), LA Jolla Country Day School ($45.8m) and National Association of Childrens Hospital and Related Institutions ($45.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $599k (1.3% of expenses). Other salaries and wages came to $29.2m. At year end it held assets of $35.5m against liabilities of $12.4m, net assets of $23.2m. It reported 1,071 employees.