Fort Worth Airpower Foundation

Analysis

Fort Worth Airpower Foundation is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 August 2023, Fort Worth Airpower Foundation reported income of $247k and spending of $416k, spending 168% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.7m to $247k (-91%), an average of -45% a year. The sharpest change came in the year to August 2021, when income dropped by 90%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fort Worth Airpower Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include Hamidian Training Institute ($247k), Transport Central ($247k) and Ventura County Fire Department Benefit Fund ($247k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $385k against liabilities of $57k, net assets of $328k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.