Ao North America Charitable Fund

Analysis

Ao North America Charitable Fund is a registered charity in United States, based in Wayne, PA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Ao North America Charitable Fund reported income of $2.7m and spending of $3.3m, spending 121% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $2.8m to $2.7m (-1.5%), an average of -0.5% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ao North America Charitable Fund 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 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Health Horizons Inc ($2.7m), Block Island Health Services Inc ($2.7m) and Childrens Health Investment Program Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $62k (1.9% of expenses). Other salaries and wages came to $272k. At year end it held assets of $19.2m against liabilities of $4.6m, net assets of $14.5m.