Waukegan Regional Air Show

Analysis

Waukegan Regional Air Show is a registered charity in United States, based in Waukegan, IL. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Waukegan Regional Air Show reported income of $212k and spending of $195k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $20k to $212k (+957%), an average of +957% a year. The sharpest change came in the year to December 2023, when income rose by 957%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Waukegan Regional Air Show sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include Biomedical Research and Innovation Park ($212k), Conway Downtown Partnership Inc ($212k) and Bear Project Inc ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. At year end it held assets of $106k against liabilities of $0, net assets of $106k.