Aarons Place Inc

Analysis

Aarons Place Inc is a registered charity in United States, based in Preston, MD. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Aarons Place Inc reported income of $368k and spending of $365k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $65k to $368k (+462%), an average of +78% a year. The sharpest change came in the year to December 2022, when income rose by 150%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aarons Place Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Last Minute Toy Store ($368k), West End Center Inc ($368k) and Tanque Verde Extended Care Program ($368k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.