Simsbury Airport Association Inc

Analysis

Simsbury Airport Association Inc is a registered charity in United States, based in Granby, CT. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 May 2024, Simsbury Airport Association Inc reported income of $216k and spending of $174k, spending 80% of its income. Across the 4 years on record, from May 2021 to May 2024, income grew from $78k to $216k (+176%), an average of +40% a year. The sharpest change came in the year to May 2022, when income rose by 142%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Simsbury Airport Association Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within CT. Charities of a similar size with the same main cause include The Chamber Music Society of Fort Worth Incorporated ($216k), St Marys School Foundation of Moscow Idaho Inc ($216k) and Future Farmers of America and Its State Associations & Local Chapter ($216k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 55% of the total. At year end it held assets of $152k against liabilities of $0, net assets of $152k.