Airt Inc

Analysis

Airt Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in January 2018, 8 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, Airt Inc reported income of $268k and spending of $231k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $185k to $268k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 93% 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, Airt Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include North Central Florida Safety Council Incorporated ($268k), Austin-Tracy Volunteer Fire Department Inc ($268k) and Ligonier Township Volunteer Fire Department No 1 ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $254k against liabilities of $17k, net assets of $237k.