Aerospace Center for Excellence Inc

Analysis

Aerospace Center for Excellence Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Aerospace Center for Excellence Inc reported income of $1.5m and spending of $4.3m, spending 276% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.6m to $1.5m (-4.1%), an average of -1.0% a year. The sharpest change came in the year to September 2021, when income rose by 64%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aerospace Center for Excellence Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include 1065 Institute Inc ($1.5m), Rosslyn Childrens Center Inc ($1.5m) and American Group Psychotherapy Assn Inc ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 81% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $405k (9.5% of expenses). Other salaries and wages came to $983k. At year end it held assets of $21.9m against liabilities of $13.4m, net assets of $8.5m. It reported 55 employees.