Teen Aircraft Factory of Manasota

Analysis

Teen Aircraft Factory of Manasota is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Teen Aircraft Factory of Manasota reported income of $279k and spending of $239k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $41k to $279k (+580%), an average of +580% a year. The sharpest change came in the year to December 2023, when income rose by 580%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Teen Aircraft Factory of Manasota sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Doing Art Together Inc ($279k), Globallead ($279k) and One Step Ministries ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. At year end it held assets of $218k against liabilities of $0, net assets of $218k.