Aircraft Fleet Recycling Association
Aircraft Fleet Recycling Association faces recurring deficits and declining assets despite consistent IRS 990 filings.
EIN: 208230675 · Washington, DC · NTEE: U03 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $280K |
| Total Expenses | $358K |
| Program Spending | 70% |
| Net Assets | $588K |
| Transparency Score | 65/100 |
Is Aircraft Fleet Recycling Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aircraft Fleet Recycling Association directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Aircraft Fleet Recycling Association
Aircraft Fleet Recycling Association (EIN: 208230675) is a nonprofit organization based in Washington, DC, classified under NTEE code U03. The organization reported total revenue of $280K and total assets of $574K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aircraft Fleet Recycling Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aircraft Fleet Recycling Association is a small nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -9.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $272K |
| Total Expenses | $358K |
| Surplus / Deficit | $-86,102 |
| Total Assets | $588K |
| Total Liabilities | $95 |
| Net Assets | $588K |
| Operating Margin | -31.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 19.7 months |
Financial Health Grade: B
In 2023, Aircraft Fleet Recycling Association reported a deficit of $86K with expenses exceeding revenue, holds 19.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Aircraft Fleet Recycling Association's revenue has declined at a compound annual growth rate (CAGR) of -9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.3% | +95.8% | -16.5% |
| 2022 | -21.8% | +26.2% | +5.4% |
| 2021 | +53.9% | -33.6% | +21.0% |
| 2020 | -30.5% | -43.7% | -20.1% |
| 2019 | +0.8% | +12.8% | -7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Aircraft Fleet Recycling Association with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Aircraft Fleet Recycling Association allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $86K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is a positive sign for resource allocation relative to the organization's size and revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Aircraft Fleet Recycling Association's IRS 990 filings:
- Recurring operational deficits (e.g., $86,102 in 2023, $32,175 in 2020, $119,463 in 2019).
- Significant decline in total assets over the past decade (from $1.1M in 2015 to $588K in 2023).
- Liabilities have fluctuated, reaching $167,089 in 2019, which could indicate financial strain.
Strengths
The following positive indicators were identified for Aircraft Fleet Recycling Association:
- Consistent filing of IRS 990 forms, demonstrating transparency.
- No reported officer compensation across all available filings, indicating efficient use of funds at the executive level.
- Maintains a positive asset balance, even with declining trends.
Frequently Asked Questions about Aircraft Fleet Recycling Association
Is Aircraft Fleet Recycling Association a legitimate charity?
Aircraft Fleet Recycling Association (EIN: 208230675) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $280K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Aircraft Fleet Recycling Association spend its money?
Aircraft Fleet Recycling Association directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Aircraft Fleet Recycling Association tax-deductible?
Aircraft Fleet Recycling Association is registered as a tax-exempt nonprofit (EIN: 208230675). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Aircraft Fleet Recycling Association's spending goes to programs?
Aircraft Fleet Recycling Association directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Aircraft Fleet Recycling Association compare to similar nonprofits?
With a transparency score of 65/100 (Good), Aircraft Fleet Recycling Association is above average for NTEE category U03 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Aircraft Fleet Recycling Association located?
Aircraft Fleet Recycling Association is headquartered in Washington, Washington DC and files with the IRS under EIN 208230675. It is classified under NTEE code U03.
How many years of IRS 990 filings does Aircraft Fleet Recycling Association have?
Aircraft Fleet Recycling Association has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $280K in total revenue.
Is Aircraft Fleet Recycling Association financially stable?
AFRA's financial stability is questionable due to recurring operational deficits, such as the $86,102 deficit in 2023 ($271,633 revenue vs. $357,735 expenses), and a significant decline in assets from over $1.1 million in 2015 to $588,118 in 2023.
How does AFRA's spending compare to its revenue?
AFRA's expenses frequently exceed its revenue. For example, in 2023, expenses were $357,735 while revenue was $271,633. This pattern is observed in 8 out of the 10 provided filing periods.
What is the trend in AFRA's assets?
AFRA's assets have shown a consistent downward trend, decreasing from a peak of $1,102,693 in 2015 to $588,118 in 2023, indicating a reduction in its financial reserves.
Does AFRA pay its officers?
Based on the provided IRS 990 data, AFRA consistently reports 0% for officer compensation across all available filing periods, indicating no direct compensation to its officers.
Filing History
IRS 990 filing history for Aircraft Fleet Recycling Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Aircraft Fleet Recycling Association's revenue has declined by 64.6%, moving from $768K to $272K. Total assets decreased by 46.2% over the same period, from $1.1M to $588K. Total functional expenses fell by 8.1%, from $389K to $358K. In its most recent filing year (2023), Aircraft Fleet Recycling Association reported a deficit of $86K, with expenses exceeding revenue. The organization holds $95 in liabilities against $588K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $588K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $272K | $358K | $588K | $95 | — | — |
| 2022 | $224K | $183K | $704K | $30K | — | View 990 |
| 2021 | $286K | $145K | $668K | $35K | — | View 990 |
| 2020 | $186K | $218K | $552K | $61K | — | — |
| 2019 | $268K | $387K | $691K | $167K | — | View 990 |
| 2018 | $266K | $343K | $748K | $105K | — | View 990 |
| 2017 | $232K | $345K | $757K | $36K | — | View 990 |
| 2016 | $218K | $355K | $902K | $72K | — | View 990 |
| 2015 | $345K | $380K | $1.1M | $140K | — | View 990 |
| 2014 | $346K | $358K | $1.1M | $105K | — | View 990 |
| 2013 | $463K | $415K | $1.1M | $120K | — | View 990 |
| 2012 | $768K | $389K | $1.1M | $131K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $272K, expenses of $358K, and assets of $588K (revenue +21.3% year-over-year).
- 2022: Revenue of $224K, expenses of $183K, and assets of $704K (revenue -21.8% year-over-year).
- 2021: Revenue of $286K, expenses of $145K, and assets of $668K (revenue +53.9% year-over-year).
- 2020: Revenue of $186K, expenses of $218K, and assets of $552K (revenue -30.5% year-over-year).
- 2019: Revenue of $268K, expenses of $387K, and assets of $691K (revenue +0.8% year-over-year).
- 2018: Revenue of $266K, expenses of $343K, and assets of $748K (revenue +14.6% year-over-year).
- 2017: Revenue of $232K, expenses of $345K, and assets of $757K (revenue +6.1% year-over-year).
- 2016: Revenue of $218K, expenses of $355K, and assets of $902K (revenue -36.7% year-over-year).
- 2015: Revenue of $345K, expenses of $380K, and assets of $1.1M (revenue -0.3% year-over-year).
- 2014: Revenue of $346K, expenses of $358K, and assets of $1.1M (revenue -25.3% year-over-year).
- 2013: Revenue of $463K, expenses of $415K, and assets of $1.1M (revenue -39.7% year-over-year).
- 2012: Revenue of $768K, expenses of $389K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aircraft Fleet Recycling Association:
Data Sources and Methodology
This transparency report for Aircraft Fleet Recycling Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.