Aeras Foundation Inc

Analysis

Aeras Foundation Inc is a registered charity in United States, based in Winter Park, FL. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Aeras Foundation Inc reported income of $120k and spending of $158k, spending 131% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $219k to $120k (-45%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Aeras Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Mission Viejo Community Foundation Inc ($120k), Patrick B Roche Memorial Fund Foundation ($120k) and Joining Hearts Inc ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $69k (44% of expenses). Other salaries and wages came to $49k. At year end it held assets of $850k against liabilities of $765k, net assets of $85k. It reported 2 employees.