AAK INTERNATIONAL RELIEF INC

EIN: 464642883 501(c)(3) Religion

LAKEWOOD, NJ

Total Revenue
$3,131,034
Total Expenses
$5,508,908
Total Assets
$5,265,893
Net Assets
$4,798,459
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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NJ
Principal Officer
BARRY NEUSTADT
Tax Period
2023-01-01 to 2023-12-31

AAK INTERNATIONAL RELIEF INC, founded in 2014, is a community nonprofit in the Religion sector that reported $3.1M in total revenue in fiscal year 2023. Revenue surged 97% from the prior year, signaling strong growth momentum. Expenses of $5.5M exceeded revenue, resulting in a 76% operating deficit.

Mission

AAK INTERNATIONAL RELIEF, INC. (AAK) WAS CREATED TO PROMOTE CHARITABLE ACTIVITIES. WITH THE AWARENESS THAT FOOD, CLOTHING, WATER, ELECTRICITY, HEAT AND HOUSING ARE UNIVERSAL HUMAN NEEDS THAT BRIDGE GEOGRAPHICAL AND PHILOSOPHICAL DISTANCES, BUT THAT ARE NOT UNIVERSALLY ACCESSIBLE, AAK SET OUT TO MAKE A DIFFERENCE WITH A BOLD PLAN. RATHER THAN LIMITING ITS ACTIVITIES TO FUNDS IT CAN RAISE ON ITS OWN AND DISTRIBUTE ON ITS OWN, AAK EXPONENTIALLY INCREASES THE EFFECT OF ITS ACTIVITIES BY PROMOTING THE CONCEPT THAT EVERY INDIVIDUAL UNITE UNDER THE BANNER OF HIS CONGREGATION AND DONATE A MONTHLY SUM TO STRUGGLING FAMILIES AROUND THE WORLD. SMALL BUT CONSISTENT CONTRIBUTIONS ADD UP QUICKLY AND MAKE A SIGNIFICANT DIFFERENCE. AND DEALING WITH MEMBERS OF RELIGIOUS CONGREGATIONS THAT BRING THE CAMPAIGN TO THEIR WHOLE MEMBERSHIP BODY EXPONENTIALLY INCREASES THE ORGANIZATIONS REACH AND THE POWER OF THOSE SMALL AND STEADY DONATIONS IN PROVIDING BASIC NECESSITIES TO THE STRUGGLING POOR OF THE WORLD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,131,034
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,131,034

Expense Breakdown

Grants Paid $3,829,058
Salaries & Benefits $441,357
Fundraising Expenses $0
Program Expenses $5,406,252
Other Expenses $1,238,493
TOTAL EXPENSES $5,508,908

Year-over-Year Comparison

2023 2022 Change
Revenue $3,131,034 $1,590,774 +1.0%
Expenses $5,508,908 $2,784,857 +1.0%
Net Income $-2,377,874 $-1,194,083 +1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
11
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES CELNIK SECRETARY 2.00
Officer
$0 $0 $0
AVI MOTECHIN TREASURER 1.00
Officer
$0 $0 $0
BARRY NEUSTADT PRESIDENT 3.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,131,034 $5,508,908 $5,265,893 $-2,377,874
2022 $1,590,774 $2,784,857 $7,256,194 $-1,194,083
2021 $9,843,982 $1,503,021 $8,569,268 $8,340,961
2020 $2,984,025 $1,125,604 $235,450 $1,858,421
2019 $1,151,649 $2,514,225 $67,043 $-1,362,576
2018 $1,872,097 $1,937,856 $2,161,968 $-65,759
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