National Aviation Research and Technology Park Inc

Analysis

National Aviation Research and Technology Park Inc is a registered charity in United States, based in Egg HBR TWP, NJ. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, National Aviation Research and Technology Park Inc reported income of $694k and spending of $770k, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $336k to $694k (+107%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 146%. Over the whole period it spent 178% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Aviation Research and Technology Park Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include West Virginia High Technology Consortium Foundation ($694k), Precision Institute ($695k) and Quad Communities Development Corporation NFP ($694k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $825k against liabilities of $4.4m, net assets of -$3.6m.