Aqume Foundation

Analysis

Aqume Foundation is a registered charity in United States, based in Grandville, MI. It received its IRS tax-exemption ruling in November 2021, 5 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, Aqume Foundation reported income of $255k and spending of $230k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $235k to $255k (+8.7%), an average of +8.7% a year. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Aqume Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Karry Carrasco Foundation ($255k), Virginia Academy of Science Engineering and Medicine Inc ($256k) and Kansas Childrens Service League Foundation ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 116% of the total. Compensation of current officers, directors and key employees was $112k (49% of expenses). Other salaries and wages came to $18k. At year end it held assets of $26k against liabilities of $11k, net assets of $15k. It reported 2 employees.