Aya Foundation

Analysis

Aya Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Aya Foundation reported income of $1.3m and spending of $1.1m, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $930k to $1.3m (+38%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 102%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Aya Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CO. Charities of a similar size with the same main cause include South Houston Economic Development Corp ($1.3m), Sandy Community Action Council Inc ($1.3m) and Friends of Little Saigon Seattle Fls-S ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $167k (15% of expenses). Other salaries and wages came to $41k. It paid $3,128 in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $60k, net assets of $1.2m. It reported 1 employees.