American Astronautical Society Inc

Analysis

American Astronautical Society Inc is a registered charity in United States, based in Springfield, VA. It received its IRS tax-exemption ruling in April 1960, 66 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Astronautical Society Inc reported income of $825k and spending of $968k, spending 117% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.4m to $825k (-41%), an average of -10% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Astronautical Society Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Abilene Arts Alliance ($824k), River and Rail Theatre Company ($826k) and Trinity Datta Yoga Center ($824k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $156k (16% of expenses). Other salaries and wages came to $97k. At year end it held assets of $1.1m against liabilities of $72k, net assets of $1.0m.