The International Group for Historic Aircraft Recovery

Analysis

The International Group for Historic Aircraft Recovery is a registered charity in United States, based in Oxford, PA. It received its IRS tax-exemption ruling in December 1985, 41 years ago. 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 June 2023, The International Group for Historic Aircraft Recovery reported income of $251k and spending of $259k, spending 103% of its income. Across the 5 years on record, from June 2018 to June 2023, income grew from $227k to $251k (+11%), an average of +2.6% a year. The sharpest change came in the year to June 2023, when income rose by 62%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The International Group for Historic Aircraft Recovery sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include Barnesville Area Education Foundation ($251k), Morgan Arts Council Inc ($251k) and Sixty Plus Nutrition Agency Inc ($251k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $39k (15% of expenses). At year end it held assets of $397k against liabilities of $376k, net assets of $21k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.