American Airpower Heritage Foundation Inc

Analysis

American Airpower Heritage Foundation Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 1984, 42 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Airpower Heritage Foundation Inc reported income of $9.4m and spending of $1.8m, leaving 81% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $9.4m (+462%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 296%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Airpower Heritage Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Davis Education Foundation ($9.3m), Volunteers in Medicine Clinic ($9.4m) and Community and Shelter Assist Corp ($9.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 7.4% of the total. At year end it held assets of $18.9m against liabilities of $128k, net assets of $18.8m.