Manned Space Flight Education Foundation Incorporated

Analysis

Manned Space Flight Education Foundation Incorporated is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 1987, 39 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, Manned Space Flight Education Foundation Incorporated reported income of $61.8m and spending of $38.4m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $46.2m to $61.8m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 160%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Manned Space Flight Education Foundation Incorporated sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Goodwill Industries of Southwest Florida Inc ($61.0m), First Step Staffing ($63.9m) and Cambria County Association for the Blind & Handicapped Inc ($60.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $2.2m (5.8% of expenses). Other salaries and wages came to $11.9m. At year end it held assets of $108.9m against liabilities of $12.4m, net assets of $96.5m. It reported 527 employees.