Aerospace Heritage Foundation of Utah Inc

Analysis

Aerospace Heritage Foundation of Utah Inc is a registered charity in United States, based in Roy, UT. It received its IRS tax-exemption ruling in November 1983, 43 years ago. 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, Aerospace Heritage Foundation of Utah Inc reported income of $766k and spending of $1.2m, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $576k to $766k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2022, when income rose by 591%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aerospace Heritage Foundation of Utah Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within UT. Charities of a similar size with the same main cause include Rocky Mountain Arts Association ($766k), Bastrop County Emergency Food Pantry Inc ($766k) and The Outdoor Art Club ($766k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Other salaries and wages came to $319k. At year end it held assets of $1.3m against liabilities of $75k, net assets of $1.3m. It reported 15 employees.