Air & Space Forces Association is a 501(c)(3) organization based in Arlington, Virginia, registered in 2009, with $31,493,812 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$31.5M
▼ 23.6% vs prior year
Education median: $200K
Expenses (FY2024)
$27.6M
Net assets
$50.8M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Air & Space Forces Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Air & Space Forces Association: 22 mo reserves · +12% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Air & Space Forces Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Air & Space Forces Association: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $13.2M (FY2013) to $31.5M (FY2024) across 11 reported years.
Financial snapshot
Operating margin
12.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$78.1M
Total liabilities
$27.3M
Net assets
$50.8M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $31,493,812▼23.6% | $27,603,634▲8.0% | $50,771,020▲11.6% | $78,090,714▲29.0% | 990 |
| 2023 | $41,249,058▲81.0% | $25,567,774▲12.2% | $45,508,585▲75.5% | $60,550,737▲35.4% | 990 |
| 2022 | $22,788,524▲18.9% | $22,797,225▲54.9% | $25,935,807▲44.1% | $44,733,276▲6.9% | 990 |
| 2020 | $19,163,734▼7.6% | $14,719,205▼20.8% | $17,995,304▲30.2% | $41,846,008▲16.4% | 990 |
| 2019 | $20,748,056▲25.3% | $18,582,935▲12.9% | $13,818,882▲2.5% | $35,952,203▲12.0% | 990 |
| 2018 | $16,554,355▼15.9% | $16,452,887▲1.4% | $13,478,219▲294% | $32,088,463▼25.9% | 990 |
| 2017 | $19,691,920▲36.2% | $16,222,897▲0.2% | -$6,964,954▲20.0% | $43,324,500▲29.4% | 990 |
| 2016 | $14,459,773▲13.6% | $16,189,758▲6.6% | -$8,707,501▼49.0% | $33,479,477▲6.9% | 990 |
| 2015 | $12,733,530▼0.9% | $15,190,150▼2.0% | -$5,844,616▼183% | $31,315,103▼4.3% | 990 |
| 2014 | $12,843,748▼3.0% | $15,499,973▲1.2% | -$2,066,795▼142% | $32,712,408▲17.1% | 990 |
| 2013 | $13,238,096 | $15,313,167▲12.0% | $4,918,185▲269% | $27,930,140▲13.1% | 990 |
| 2012 | — | $13,669,781▲0.2% | $1,331,943▲205% | $24,694,109▲8.1% | 990 |
| 2011 | — | $13,646,758▲4.8% | -$1,266,471▼117% | $22,853,330▼6.0% | 990 |
| 2010 | — | $13,020,513 | $7,645,441 | $24,303,012 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
36 grants to Air & Space Forces Association totaling $906K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $100,000 |
| American Online Giving Foundation Inc | General support | 2024 | $61,100 |
| Gary Sinise Foundation | Events featuring vietnam vets support | 2023 | $75,000 |
| American Online Giving Foundation Inc | General support | 2023 | $67,517 |
| Embry-riddle Aeronautical | Organization sponsorship | 2023 | $25,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $23,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $20,725 |
| Charities Aid Foundation America | Charitable donation | 2023 | $10,025 |
| American Online Giving Foundation Inc | General support | 2022 | $66,998 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2022 | $25,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $23,000 |
| The Blackbaud Giving Fund | General support | 2022 | $20,564 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $7,525 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2021 | $17,250 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $10,375 |
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Data for Air & Space Forces Association (EIN 52-6043929) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.