Ameelio Inc

Analysis

Ameelio Inc is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in January 2020, 6 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ameelio Inc reported income of $1.1m and spending of $3.4m, spending 303% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $950k to $1.1m (+16%), an average of +5.2% a year. The sharpest change came in the year to December 2022, when income rose by 202%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ameelio Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within CT. Charities of a similar size with the same main cause include Jesse M Smith Memorial Library ($1.1m), Sickle Cell Disease Association of America Inc ($1.1m) and Albany Public Schools Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $829k (25% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $7.2m against liabilities of $282k, net assets of $7.0m. It reported 25 employees.