Vertical Flight Foundation

Analysis

Vertical Flight Foundation is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in August 1967, 59 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vertical Flight Foundation reported income of $113k and spending of $100k, spending 88% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $84k to $113k (+34%), an average of +6.1% a year. The sharpest change came in the year to December 2020, when income rose by 1966%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vertical Flight Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within VA. Charities of a similar size with the same main cause include General Breed Fund ($113k), Gladwin County Sports Complex Maintenace Board Inc ($113k) and Dallas Goethe Center Inc ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $1.6m against liabilities of $145k, net assets of $1.4m.