Aire Ventures Inc

Analysis

Aire Ventures Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Aire Ventures Inc reported income of $764k and spending of $974k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $376k to $764k (+104%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 458%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Aire Ventures Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Acts Foundation ($764k), 1951 Coffee Company ($765k) and Plumbers Local 210 Joint Apprentice & Journeyman Upgd Training TR Fund ($764k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $462k. At year end it held assets of $1.0m against liabilities of $204k, net assets of $808k. It reported 7 employees.