Air Capital Charities Inc

Analysis

Air Capital Charities Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Air Capital Charities Inc reported income of $375k and spending of $577k, spending 154% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $691k to $375k (-46%), an average of -14% a year. The sharpest change came in the year to September 2020, when income dropped by 103%. Over the whole period it spent 123% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Air Capital Charities Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within KS. Charities of a similar size with the same main cause include Shirley and Leonard Goldstein Supporting Foundation ($375k), Shack Harris and Doug Williams Foundation Inc ($375k) and Rodeheaver Foundation Inc ($375k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 162% of the total. Compensation of current officers, directors and key employees was $253k (44% of expenses). Other salaries and wages came to $68k. At year end it held assets of $118k against liabilities of $502k, net assets of -$384k. It reported 4 employees.