Vaughn College of Aeronautics and Technology

Analysis

Vaughn College of Aeronautics and Technology is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in October 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Vaughn College of Aeronautics and Technology reported income of $40.7m and spending of $43.6m, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $43.6m to $40.7m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to August 2021, when income dropped by 18%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Vaughn College of Aeronautics and Technology sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include William Jewell College ($40.7m), Legacy Traditional Schools - Nevada Inc ($40.7m) and Arkansas Colleges of Health Education ($40.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 13% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $1.2m (2.9% of expenses). Other salaries and wages came to $12.8m. At year end it held assets of $90.8m against liabilities of $60.7m, net assets of $30.1m. It reported 478 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.