Airmen Memorial Foundation Inc

Analysis

Airmen Memorial Foundation Inc is a registered charity in United States, based in Suitland, MD. It received its IRS tax-exemption ruling in March 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Airmen Memorial Foundation Inc reported income of $55k and spending of $87k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $136k to $55k (-60%), an average of -20% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Airmen Memorial Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within MD. Charities of a similar size with the same main cause include Marietta Band Boosters Inc ($55k), Iowa Automobile Dealers Foundation ($55k) and Empowerment 4 Generations Inc ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $1.5m against liabilities of $30k, net assets of $1.4m.