Airport Research and Development Foundation

Analysis

Airport Research and Development Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in April 1989, 37 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 December 2023, Airport Research and Development Foundation reported income of $96.2m and spending of $93.4m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $95.0m to $96.2m (+1.2%), an average of +0.3% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Airport Research and Development Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Marys Center for Maternal and Child Care Inc ($96.0m), Community Research Foundation Inc ($96.3m) and Terros Inc ($95.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $1.7m (1.8% of expenses). At year end it held assets of $14.2m against liabilities of $9.4m, net assets of $4.8m.