KC Air Show Charities Inc

Analysis

KC Air Show Charities Inc is a registered charity in United States, based in Lees Summit, MO. It received its IRS tax-exemption ruling in October 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, KC Air Show Charities Inc reported income of $1.2m and spending of $1.4m, spending 115% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $938k to $1.2m (+28%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 869%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, KC Air Show Charities Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within MO. Charities of a similar size with the same main cause include Main Street York Inc ($1.2m), Columbus 2020 Foundation ($1.2m) and Extraspecialteas Inc ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 15% and program service revenue 76% of the total. Other salaries and wages came to $23k. At year end it held assets of $200k against liabilities of $352k, net assets of -$152k.