Air Institute

Analysis

Air Institute is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in July 2020, 6 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Air Institute reported income of $137k and spending of $279k, spending 204% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $273k to $137k (-50%), an average of -50% a year. The sharpest change came in the year to June 2023, when income dropped by 50%. Over the whole period it spent 131% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Air Institute sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within MD. Charities of a similar size with the same main cause include Hub Cities Career Center Corporation ($137k), National Institute for Workers Rights ($137k) and University Neighborhoods Development Corporation ($137k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $105k (38% of expenses). Other salaries and wages came to $71k. At year end it held assets of $43k against liabilities of $31k, net assets of $12k. It reported 2 employees.