Langley Flight Foundation

Analysis

Langley Flight Foundation is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Langley Flight Foundation reported income of $225k and spending of $113k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $225k (+125%), an average of +125% a year. The sharpest change came in the year to December 2023, when income rose by 125%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Langley Flight Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Parsons Nose Productions ($225k), Miano Academy of Art Inc Sorcha Augustine ($225k) and Regina Klenjoski Dance Company ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $315k against liabilities of $0, net assets of $315k.