Armed Forces Communications and Electronics Association

Analysis

Armed Forces Communications and Electronics Association is a registered charity in United States, based in Norfolk, VA. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending December 2023, Armed Forces Communications and Electronics Association reported income of $302k and spending of $262k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $141k to $302k (+114%), an average of +114% a year. The sharpest change came in the year to December 2023, when income rose by 114%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Armed Forces Communications and Electronics Association sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Islamic American Society of Connecticut ($302k), Phi Beta Kappa Society ($302k) and Waterbury Ballet Company ($302k).

At year end it held assets of $117k against liabilities of $0, net assets of $117k.