Aes Restaurant Foundation Inc

Analysis

Aes Restaurant Foundation Inc is a registered charity in United States, based in Zionsville, IN. It received its IRS tax-exemption ruling in June 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, Aes Restaurant Foundation Inc reported income of $1.2m and spending of $772k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $393k to $1.2m (+200%), an average of +73% a year. The sharpest change came in the year to December 2022, when income rose by 109%. Over the whole period it spent 61% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Aes Restaurant Foundation Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Langley for Families - the Foundation of Lfcu ($1.2m), United Way of Bemidji Area ($1.2m) and Hebrew Free Loan Association ($1.2m).

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 $1.3m against liabilities of $335k, net assets of $951k.