Flight Safety Foundation Inc

Analysis

Flight Safety Foundation Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in June 1949, 77 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 December 2023, Flight Safety Foundation Inc reported income of $4.0m and spending of $4.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $4.0m (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 95% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Flight Safety Foundation Inc 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 91st percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include North Dakota Safety Council ($4.0m), Rostraver West Newton Ems ($4.0m) and Hatzalah of the Rockaways & Nassau County Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $397k (10.0% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.7m against liabilities of $1.4m, net assets of $2.4m. It reported 19 employees.