Southern Heritage Air Foundation

Analysis

Southern Heritage Air Foundation is a registered charity in United States, based in Tallulah, LA. It received its IRS tax-exemption ruling in July 2003, 23 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, Southern Heritage Air Foundation reported income of $599k and spending of $519k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $727k to $599k (-18%), an average of -4.7% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southern Heritage Air Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within LA. Charities of a similar size with the same main cause include Scottsdale Philharmonic Inc ($599k), Associazione Culturale Italiana Di New York Inc ($599k) and Moosehead Marine Museum Inc ($599k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 22% of the total. At year end it held assets of $755k against liabilities of $102k, net assets of $653k.