Air Force Historical Foundation

Analysis

Air Force Historical Foundation is a registered charity in United States, based in Mechanicsvlle, MD. It received its IRS tax-exemption ruling in April 1954, 72 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 May 2024, Air Force Historical Foundation reported income of $323k and spending of $304k, spending 94% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $154k to $323k (+110%), an average of +20% a year. The sharpest change came in the year to May 2024, when income rose by 71%. Over the whole period it spent 123% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Air Force Historical Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MD. Charities of a similar size with the same main cause include New Jersey Planning Officials ($323k), Hall County Leadership Unlimited Inc ($323k) and Toyon Wintu Center ($323k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 45% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $52k (17% of expenses). Other salaries and wages came to $84k. At year end it held assets of $1.2m against liabilities of $36k, net assets of $1.2m. It reported 3 employees.