University Aviation Association

Analysis

University Aviation Association is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in April 1977, 49 years ago. 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, University Aviation Association reported income of $697k and spending of $569k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $396k to $697k (+76%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University Aviation Association sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within TN. Charities of a similar size with the same main cause include Chilmark Town Affairs Council Inc ($697k), Literacy Alliance of Northeast Florida Inc ($697k) and Captain Planet Foundation Inc ($697k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Other salaries and wages came to $238k. At year end it held assets of $534k against liabilities of $56k, net assets of $478k. It reported 6 employees.