Aie Inc

Analysis

Aie Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aie Inc reported income of $3.9m and spending of $3.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $3.9m (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aie Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within KY. Charities of a similar size with the same main cause include Architecture Construction and Engineering-Ace-Charter High Schoo ($3.9m), American College of the Building Arts ($3.9m) and Evergreen State College Foundation ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $156k (4.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.8m against liabilities of $46k, net assets of $3.7m. It reported 71 employees.