Association of Graduates of the Usafa

Analysis

Association of Graduates of the Usafa is a registered charity in United States, based in Usaf Academy, CO. It received its IRS tax-exemption ruling in August 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Association of Graduates of the Usafa reported income of $9.1m and spending of $8.5m, spending 93% of its income. Across the 6 years on record, from June 2019 to December 2023, income fell from $10.2m to $9.1m (-11%), an average of -2.2% a year. The sharpest change came in the year to December 2021, when income rose by 558%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Association of Graduates of the Usafa sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include Innovation Spokane Schools ($9.1m), Washington Market School ($9.1m) and Rocketship Education Wisconsin Inc ($9.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $369k (4.4% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $119.6m against liabilities of $3.9m, net assets of $115.7m. It reported 62 employees.