International Aerobatic Club Inc

Analysis

International Aerobatic Club Inc is a registered charity in United States, based in Oshkosh, WI. It received its IRS tax-exemption ruling in September 1985, 41 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 February 2023, International Aerobatic Club Inc reported income of $354k and spending of $443k, spending 125% of what it took in. Across the 5 years on record, from February 2019 to February 2023, income fell from $394k to $354k (-10%), an average of -2.6% a year. The sharpest change came in the year to February 2021, when income dropped by 36%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Aerobatic Club Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within WI. Charities of a similar size with the same main cause include Nami Spokane ($354k), Yellowstone County 4-H Council ($354k) and Bay Area Organizing Committee ($354k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 17% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $84k (19% of expenses). Other salaries and wages came to $39k. At year end it held assets of $589k against liabilities of $229k, net assets of $360k. It reported 2 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.