Runway Jets

Analysis

Runway Jets is a registered charity in United States, based in Saint Gabriel, LA. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Runway Jets reported income of $111k and spending of $112k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $111k (+113%), an average of +114% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Runway Jets sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within LA. Charities of a similar size with the same main cause include Clarksville Food Pantry Inc ($111k), Holtons Heroes ($111k) and Community Action for Veterans ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,464 against liabilities of $0, net assets of $2,464.