Aerospace States Association Inc

Analysis

Aerospace States Association Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in December 1993, 33 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Aerospace States Association Inc reported income of $170k and spending of $233k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $286k to $170k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aerospace States Association Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within VA. Charities of a similar size with the same main cause include Metropolitian Youth Symphony Orchestra Inc ($170k), Pegasus Theatre Inc ($170k) and India Fine Arts Inc ($170k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. At year end it held assets of $90k against liabilities of $285k, net assets of -$195k.