Jet Award Foundation & Trust Inc

Analysis

Jet Award Foundation & Trust Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in November 2018, 8 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, Jet Award Foundation & Trust Inc reported income of $498k and spending of $446k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $250k to $498k (+99%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 143%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jet Award Foundation & Trust Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NE. Charities of a similar size with the same main cause include Edmeston Free Library ($498k), Bullitt East Athletic Booster Club ($498k) and Southern Lehigh Public Library Assn ($498k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Other salaries and wages came to $73k. It paid $27k in professional fundraising fees. At year end it held assets of $67k against liabilities of $0, net assets of $67k. It reported 1 employees.