Air Charter Safety Foundation

Analysis

Air Charter Safety Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 2010, 16 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Air Charter Safety Foundation reported income of $1.0m and spending of $1.2m, spending 113% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $812k to $1.0m (+28%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income rose by 129%. Over the whole period it spent 96% 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, Air Charter Safety Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 56th percentile within DC. Charities of a similar size with the same main cause include Bowers Fire Company Inc ($1.0m), White Marsh Volunteer Fire Company Inc ($1.0m) and First Responder Institute Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $491k (42% of expenses). Other salaries and wages came to $267k. At year end it held assets of $801k against liabilities of $50k, net assets of $750k. It reported 7 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.