Aam Foundation

Analysis

Aam Foundation is a registered charity in United States, based in Novato, CA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending March 2023, Aam Foundation reported income of $6.6m and spending of $5.5m, spending 84% of its income. Across the 3 years on record, from March 2021 to March 2023, income grew from $4.6m to $6.6m (+45%), an average of +20% a year. The sharpest change came in the year to March 2023, when income rose by 48%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aam Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Orthopedic Trauma Association Inc ($6.6m), Project Reflect ($6.6m) and Animal Friends of the Valley Inc ($6.6m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $12k (0.2% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $4.3m against liabilities of $357k, net assets of $3.9m.