Society of Experimental Test Pilots Scholarship Foundation

Analysis

Society of Experimental Test Pilots Scholarship Foundation is a registered charity in United States, based in Lancaster, CA. It received its IRS tax-exemption ruling in April 1966, 60 years ago. 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, Society of Experimental Test Pilots Scholarship Foundation reported income of $276k and spending of $482k, spending 174% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $393k to $276k (-30%), an average of -8.4% a year. The sharpest change came in the year to December 2022, when income dropped by 55%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of Experimental Test Pilots Scholarship Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Loaves and Fishes ($276k), San Francisco Succulent and Cactus Society ($276k) and Tustin Area Council for the Fine Arts ($276k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. At year end it held assets of $7.8m against liabilities of $0, net assets of $7.8m. It reported 3 employees.