Takeoff Institute Inc

Analysis

Takeoff Institute Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2021, 5 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, Takeoff Institute Inc reported income of $121k and spending of $34k, leaving 72% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $130k to $121k (-6.8%), an average of -6.8% a year. Over the whole period it spent 24% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Takeoff Institute Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Parent Faculty Association of Pascack Hills High School ($121k), South Hero Library Foundation ($121k) and Port Byron Library ($121k).

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 $300k against liabilities of $0, net assets of $300k.