The Airlift-Tanker Association Inc

Analysis

The Airlift-Tanker Association Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in March 1979, 47 years ago. 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, The Airlift-Tanker Association Inc reported income of $2.5m and spending of $2.0m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.5m (+64%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 202%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Airlift-Tanker Association Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include Georgia Mountain Womens Center Inc ($2.5m), Piedmont School Inc ($2.5m) and Midlands Open Door ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.7% and program service revenue 90% of the total. At year end it held assets of $2.0m against liabilities of $55k, net assets of $2.0m.