Aero Club of New England

Analysis

Aero Club of New England is a registered charity in United States, based in Bedford, MA. It received its IRS tax-exemption ruling in March 1982, 44 years ago. 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 June 2023, Aero Club of New England reported income of $97k and spending of $109k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $121k to $97k (-19%), an average of -5.2% a year. The sharpest change came in the year to June 2020, when income dropped by 34%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aero Club of New England sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 43rd percentile within MA. Charities of a similar size with the same main cause include Mann International Ministries ($97k), Residential Resources Inc ($97k) and Fox West Theatre Alliance ($97k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 13% of the total. At year end it held assets of $965k against liabilities of $0, net assets of $965k.