American Aerospace Technical Academy Inc

Analysis

American Aerospace Technical Academy Inc is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, American Aerospace Technical Academy Inc reported income of $309k and spending of $448k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $425k to $309k (-27%), an average of -7.7% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, American Aerospace Technical Academy Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include International Ultraviolet Association Inc ($308k), Anaconda Local Development Corp ($309k) and Alaska Charr Educational Fund Inc ($308k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.2% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $229k (51% of expenses). At year end it held assets of $107k against liabilities of $387k, net assets of -$280k.