The Aero Club Foundation of Washington

Analysis

The Aero Club Foundation of Washington is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 April 2024, The Aero Club Foundation of Washington reported income of $58k and spending of $62k, spending 107% of what it took in. Across the 3 years on record, from April 2022 to April 2024, income grew from $37k to $58k (+57%), an average of +25% a year. The sharpest change came in the year to April 2024, when income rose by 25%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Aero Club Foundation of Washington sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 12th percentile within DC. Charities of a similar size with the same main cause include Keystone Pennsylvania Press Club ($58k), Akron Rotary Foundation ($58k) and Towerside Innovation District ($58k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $154k against liabilities of $50k, net assets of $104k.