American Bonanza Society Air Safety Foundation Inc

Analysis

American Bonanza Society Air Safety Foundation Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in March 1980, 46 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, American Bonanza Society Air Safety Foundation Inc reported income of $536k and spending of $609k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $507k to $536k (+5.8%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 94% 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, American Bonanza Society Air Safety Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within KS. Charities of a similar size with the same main cause include Scott County Life Saving & First Aid Crew Inc ($536k), Woodstock Fire Protection Association Inc ($536k) and Town of Niagara Active Hose Co Inc ($536k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 43% of the total. At year end it held assets of $3.9m against liabilities of $113k, net assets of $3.8m.