Arnold Air Society - Silver Wings Angel Flight Educational Fund Inc

Analysis

Arnold Air Society - Silver Wings Angel Flight Educational Fund Inc is a registered charity in United States, based in Spotsylvania, VA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Arnold Air Society - Silver Wings Angel Flight Educational Fund Inc reported income of $67k and spending of $77k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $110k to $67k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arnold Air Society - Silver Wings Angel Flight Educational Fund Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 26th percentile within VA. Charities of a similar size with the same main cause include Snohomish Preschool ($67k), Colegio Roosevelt-American School ($67k) and Gaucho Creative ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,733 against liabilities of $0, net assets of $2,733.