Commemorative Air Force

Analysis

Commemorative Air Force is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2021, Commemorative Air Force reported income of $23.9m and spending of $22.7m, spending 95% of its income. Across the 4 years on record, from December 2018 to December 2021, income grew from $17.7m to $23.9m (+35%), an average of +10% a year. The sharpest change came in the year to December 2019, when income rose by 18%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Commemorative Air Force sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Sage Bionetworks ($23.9m), Behavioral Ideas Lab Inc ($24.0m) and National Institute of Aerospace Associates ($23.8m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 45% and program service revenue 49% of the total. Other salaries and wages came to $2.3m. It paid $835k in professional fundraising fees. At year end it held assets of $31.7m against liabilities of $4.5m, net assets of $27.2m. It reported 43 employees.