Yale Aviation Inc

Analysis

Yale Aviation Inc is a registered charity in United States, based in Guilford, CT. It received its IRS tax-exemption ruling in September 1966, 60 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 September 2023, Yale Aviation Inc reported income of $149k and spending of $116k, leaving 22% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $90k to $149k (+65%), an average of +65% a year. The sharpest change came in the year to September 2023, when income rose by 65%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Yale Aviation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within CT. Charities of a similar size with the same main cause include East Texas Camping and Training Center ($149k), Mount Pleasant Free Public Library Association Inc ($149k) and Copper Village Museum and Arts Center and Marcus Daly Historical ($149k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 28% and program service revenue 41% of the total. At year end it held assets of $324k against liabilities of $37k, net assets of $287k.