Aim Academy of Science and Technology

Analysis

Aim Academy of Science and Technology is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in September 2021, 5 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 June 2023, Aim Academy of Science and Technology reported income of $2.6m and spending of $3.1m, spending 119% of what it took in. Across the 2 years on record, from June 2021 to June 2023, income grew from $87k to $2.6m (+2867%), an average of +2867% a year. The sharpest change came in the year to June 2023, when income rose by 2867%. Over the whole period it spent 118% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aim Academy of Science and Technology sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Cooper School ($2.6m), Edge School Inc ($2.6m) and De Lasalle Academy of Fort Myers Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $191k (6.2% of expenses). Other salaries and wages came to $928k. At year end it held assets of $2.4m against liabilities of $3.3m, net assets of -$883k. It reported 37 employees.