Und Aerospace Foundation

Analysis

Und Aerospace Foundation is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Und Aerospace Foundation reported income of $22.9m and spending of $22.0m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $42.6m to $22.9m (-46%), an average of -14% a year. The sharpest change came in the year to June 2023, when income dropped by 27%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Und Aerospace Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within ND. Charities of a similar size with the same main cause include Asheville School Incorporated ($22.9m), Empire Springs Charter School ($22.9m) and Central Jersey College Preparatory Charter School ($22.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $783k (3.6% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $96.2m against liabilities of $13.4m, net assets of $82.8m. It reported 185 employees.