Air & Space Forces Association

Analysis

Air & Space Forces Association is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 & Space Forces Association reported income of $41.2m and spending of $25.6m, leaving 38% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $20.7m to $41.2m (+99%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Air & Space Forces Association sits at the 98th 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 Project Kitty Hawk Inc ($41.2m), Marion P Thomas Charter High School Education Association a NJ Nonprof ($41.4m) and Meeting Street Schools ($41.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $1.2m (4.9% of expenses). Other salaries and wages came to $9.3m. It paid $571k in professional fundraising fees. At year end it held assets of $60.6m against liabilities of $15.0m, net assets of $45.5m. It reported 113 employees.