Netjets Family Foundation

Analysis

Netjets Family Foundation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Netjets Family Foundation reported income of $75k and spending of $105k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $360k to $75k (-79%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 83%. Over the whole period it spent 41% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Netjets Family Foundation sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within OH. Charities of a similar size with the same main cause include Hebron Volunteer Fire Department Inc ($75k), Monroeville Emergency Medical Services Inc ($75k) and Vale Volunteer Fire Department ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.7m against liabilities of $0, net assets of $3.7m.