Aerospace Corporation

Analysis

Aerospace Corporation is a registered charity in United States, based in Chantilly, VA. It received its IRS tax-exemption ruling in October 1961, 65 years ago. Its declared purposes cover science and technology, 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 September 2023, Aerospace Corporation reported income of $1.30bn and spending of $1.27bn, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.11bn to $1.30bn (+17%), an average of +4.0% a year. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aerospace Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within VA. Charities of a similar size with the same main cause include Research Triangle Institute ($1.25bn), Smithsonian Institute ($1.88bn) and Weizmann Institute of Science ($938.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $12.1m (1.0% of expenses). Other salaries and wages came to $783.8m. At year end it held assets of $1.04bn against liabilities of $687.9m, net assets of $355.2m. It reported 5,317 employees.