Aip Foundation Inc

Analysis

Aip Foundation Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Aip Foundation Inc reported income of $3.5m and spending of $3.9m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.5m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 101% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Aip Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within AZ. Charities of a similar size with the same main cause include Minnesota Safety Council Inc ($3.5m), Robbins Hose Company No 1 ($3.5m) and Los Angeles Fire Department Foundation ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $327k (8.3% of expenses). Other salaries and wages came to $844k. At year end it held assets of $2.7m against liabilities of $504k, net assets of $2.2m.