Air & Space Forces Aid Society Inc

Analysis

Air & Space Forces Aid Society Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Air & Space Forces Aid Society Inc reported income of $6.6m and spending of $12.9m, spending 197% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.9m to $6.6m (-56%), an average of -19% a year. The sharpest change came in the year to December 2021, when income rose by 146%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Air & Space Forces Aid Society Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include National Institute for Fitness and Sport Inc ($6.6m), Westinghouse Arts Academy Charter School ($6.6m) and Habitat for Humanity International Inc ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Compensation of current officers, directors and key employees was $1.5m (11% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $235.4m against liabilities of $1.1m, net assets of $234.3m. It reported 39 employees.