Central Florida Aerospace Academy Foundation Inc

Analysis

Central Florida Aerospace Academy Foundation Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Central Florida Aerospace Academy Foundation Inc reported income of $625k and spending of $464k, leaving 26% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $375k to $625k (+67%), an average of +14% a year. The sharpest change came in the year to September 2020, when income rose by 52%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central Florida Aerospace Academy Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Nonprofit Knowledge Works Inc ($625k), Citizens Veterans Association Inc ($625k) and Shiras Bais Yaakov Inc ($625k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.