Potomac Highland Airport Authority

Analysis

Potomac Highland Airport Authority is a registered charity in United States, based in Wiley Ford, WV. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2024, Potomac Highland Airport Authority reported income of $3.0m and spending of $1.2m, leaving 61% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $8.4m to $3.0m (-64%), an average of -19% a year. The sharpest change came in the year to June 2023, when income rose by 83%. Over the whole period it spent 18% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Potomac Highland Airport Authority sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within WV. Charities of a similar size with the same main cause include The Access Fund ($3.0m), Woodside on the Move Inc ($3.0m) and SMB Probation Center Inc ($3.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $53k (4.5% of expenses). Other salaries and wages came to $184k. At year end it held assets of $44.5m against liabilities of $1.5m, net assets of $43.0m. It reported 7 employees.