The Afit Foundation Air Force Institute of Technology

Analysis

The Afit Foundation Air Force Institute of Technology is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in January 1987, 39 years ago. 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, The Afit Foundation Air Force Institute of Technology reported income of $240k and spending of $78k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $81k to $240k (+195%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 1048%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Afit Foundation Air Force Institute of Technology sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within OH. Charities of a similar size with the same main cause include The Missouri Symphony ($240k), Bolivar-Harpers Ferry Library ($240k) and Napa Valley Little League Inc ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% of the total. At year end it held assets of $1.2m against liabilities of $3,697, net assets of $1.2m.