The International Council of Air Shows Foundation Inc

Analysis

The International Council of Air Shows Foundation Inc is a registered charity in United States, based in Herndon, VA. It received its IRS tax-exemption ruling in November 1989, 37 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 June 2023, The International Council of Air Shows Foundation Inc reported income of $85k and spending of $84k, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $214k to $85k (-61%), an average of -61% a year. The sharpest change came in the year to June 2023, when income dropped by 61%. Over the whole period it spent 134% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The International Council of Air Shows Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within VA. Charities of a similar size with the same main cause include Bethel Library Association ($85k), Transformations by Austin Angels ($85k) and Ellis County Art Association Inc ($85k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. At year end it held assets of $100k against liabilities of $1,515, net assets of $99k.