Aip Foundation

Analysis

Aip Foundation is a registered charity in United States, based in College Park, MD. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aip Foundation reported income of $2.7m and spending of $3.6m, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $230k to $2.7m (+1056%), an average of +84% a year. The sharpest change came in the year to December 2022, when income rose by 1315%. Over the whole period it spent 33% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aip Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include American Inns of Court Foundation ($2.7m), Battle of Franklin Trust Inc ($2.7m) and Grow Nebraska Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. It paid $53k in professional fundraising fees. At year end it held assets of $18.7m against liabilities of $1.2m, net assets of $17.5m.