Yankee Air Force Incorporated

Analysis

Yankee Air Force Incorporated is a registered charity in United States, based in Belleville, MI. It received its IRS tax-exemption ruling in February 1982, 44 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Yankee Air Force Incorporated reported income of $3.0m and spending of $4.2m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.3m to $3.0m (-7.9%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income dropped by 180%. Over the whole period it spent 154% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Yankee Air Force Incorporated sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Orchestra Iowa Inc ($3.0m), Tri-State Christian TV ($3.0m) and Impression 5 Science Center ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 77% of the total. Other salaries and wages came to $755k. At year end it held assets of $14.4m against liabilities of $7.2m, net assets of $7.3m. It reported 13 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.