Air Sailing Incorporated

Analysis

Air Sailing Incorporated is a registered charity in United States, based in Cupertino, CA. It received its IRS tax-exemption ruling in March 1971, 55 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 December 2023, Air Sailing Incorporated reported income of $146k and spending of $163k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $146k to $146k (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Air Sailing Incorporated sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include District 2-A2 Sight & Tissue Foundation Inc ($146k), Little League Baseball Inc ($146k) and Kenton Pate Ministries ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 27% of the total. Other salaries and wages came to $21k. At year end it held assets of $447k against liabilities of $0, net assets of $447k. It reported 1 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.