U S Parachute Team Trust Fund

Analysis

U S Parachute Team Trust Fund is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in April 1988, 38 years ago. 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, U S Parachute Team Trust Fund reported income of $191k and spending of $34k, leaving 82% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $111k to $191k (+73%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 1152%. Over the whole period it spent 22% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, U S Parachute Team Trust Fund sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Portland Lesbian Choir ($191k), Sunrise Acres Ranch ($191k) and Young Mens Christian Association of Bogalusa Louisiana ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $2.5m against liabilities of $11k, net assets of $2.5m.