Kingdom Air Corps Inc

Analysis

Kingdom Air Corps Inc is a registered charity in United States, based in Sutton, AK. It received its IRS tax-exemption ruling in May 2001, 25 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 (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, Kingdom Air Corps Inc reported income of $1.4m and spending of $1.9m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.4m (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kingdom Air Corps Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within AK. Charities of a similar size with the same main cause include Lost Debate Inc ($1.4m), International Contemporary Ensemble Foundation Inc ($1.4m) and Wortham Center Operating Company ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $43k (2.2% of expenses). Other salaries and wages came to $711k. At year end it held assets of $2.5m against liabilities of $209k, net assets of $2.3m. It reported 21 employees.