Edge Ai Foundation

Analysis

Edge Ai Foundation is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Edge Ai Foundation reported income of $992k and spending of $750k, leaving 24% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $429k to $992k (+131%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Edge Ai Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include United Labor Agency of Nevada Inc ($991k), Social Giving Network ($992k) and Jewish Federation of Greater Orange County Inc ($991k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 16% of the total. Other salaries and wages came to $128k. At year end it held assets of $856k against liabilities of $0, net assets of $856k. It reported 3 employees.