American Institute of Aeronautics and Astronautics

Analysis

American Institute of Aeronautics and Astronautics is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in August 1954, 72 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, American Institute of Aeronautics and Astronautics reported income of $24.6m and spending of $25.1m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $22.3m to $24.6m (+10%), an average of +2.5% a year. The sharpest change came in the year to September 2020, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Institute of Aeronautics and Astronautics 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 VA. Charities of a similar size with the same main cause include University of Maryland Anesthesiology Associates P a ($24.6m), Lutheran Education Association of Houston ($24.6m) and Boys and Girls Club of Delaware Inc ($24.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $2.3m (9.1% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $38.7m against liabilities of $10.6m, net assets of $28.1m. It reported 82 employees.