Aloe Family Inc

Analysis

Aloe Family Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Aloe Family Inc reported income of $309k and spending of $304k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $236k to $309k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aloe Family Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within TN. Charities of a similar size with the same main cause include Byron Saunders Foundation ($309k), Speaking Up for US ($309k) and Friends of Aphasia ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $43k (14% of expenses). At year end it held assets of $139k against liabilities of $9,956, net assets of $129k. It reported 2 employees.