Air Force Retired Officers Community-Washington DC

Analysis

Air Force Retired Officers Community-Washington DC is a registered charity in United States, based in Sterling, VA. It received its IRS tax-exemption ruling in September 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Air Force Retired Officers Community-Washington DC reported income of $38.2m and spending of $38.8m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $34.7m to $38.2m (+10%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Air Force Retired Officers Community-Washington DC sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Redstone Presbyterian Seniorcare ($38.1m), Horizon House ($38.2m) and Arcadia Retirement Residence ($38.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $579k (1.5% of expenses). Other salaries and wages came to $17.7m. At year end it held assets of $135.0m against liabilities of $128.8m, net assets of $6.2m. It reported 415 employees.