Aio Foundation

Analysis

Aio Foundation is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Aio Foundation reported income of $162k and spending of $258k, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.5m to $162k (-97%), an average of -60% a year. The sharpest change came in the year to December 2022, when income dropped by 85%. Over the whole period it spent 169% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Aio Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within HI. Charities of a similar size with the same main cause include Mustang Bullpen Club Inc ($162k), Palmer Divide Soccer Club ($162k) and Infinity Sports Club ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $134k against liabilities of $31k, net assets of $103k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.