Global Aerospace Inc Postretirement Medical Tr
EIN: 826791841 · Morris Plains, NJ · NTEE: Y43
| Metric | Value |
|---|---|
| Total Revenue | $188K |
| Total Expenses | $575K |
| Net Assets | $2.5M |
Is Global Aerospace Inc Postretirement Medical Tr Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Global Aerospace Inc Postretirement Medical Tr
Global Aerospace Inc Postretirement Medical Tr (EIN: 826791841) is a nonprofit organization based in Morris Plains, NJ, classified under NTEE code Y43. The organization reported total revenue of $188K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Global Aerospace Inc Postretirement Medical Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Global Aerospace Inc Postretirement Medical Tr is a small nonprofit that has been operating for 7 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -31.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $589K |
| Total Expenses | $575K |
| Surplus / Deficit | +$14K |
| Total Assets | $2.6M |
| Total Liabilities | $45K |
| Net Assets | $2.5M |
| Operating Margin | 2.3% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 54.0 months |
Financial Health Grade: A
In 2023, Global Aerospace Inc Postretirement Medical Tr reported a surplus of $14K with revenue exceeding expenses, holds 54.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Global Aerospace Inc Postretirement Medical Tr's revenue has declined at a compound annual growth rate (CAGR) of -31.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +185.5% | +7.9% | +1.1% |
| 2022 | -3.8% | -2.6% | -36.8% |
| 2021 | -44.5% | -10.7% | -11.8% |
| 2020 | +25.1% | -7.3% | +2.8% |
| 2019 | -45.1% | -31.5% | +4.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Global Aerospace Inc Postretirement Medical Tr has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Global Aerospace Inc Postretirement Medical Tr with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.8%.
Frequently Asked Questions about Global Aerospace Inc Postretirement Medical Tr
Is Global Aerospace Inc Postretirement Medical Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Global Aerospace Inc Postretirement Medical Tr (EIN: 826791841) insufficient data. 0 red flags identified, 0 strengths noted.
How does Global Aerospace Inc Postretirement Medical Tr spend its money?
Detailed spending breakdown data is not yet available for Global Aerospace Inc Postretirement Medical Tr. Check back for updated IRS 990 analysis.
Are donations to Global Aerospace Inc Postretirement Medical Tr tax-deductible?
Global Aerospace Inc Postretirement Medical Tr is registered as a tax-exempt nonprofit (EIN: 826791841). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Global Aerospace Inc Postretirement Medical Tr located?
Global Aerospace Inc Postretirement Medical Tr is headquartered in Morris Plains, New Jersey and files with the IRS under EIN 826791841. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Global Aerospace Inc Postretirement Medical Tr have?
Global Aerospace Inc Postretirement Medical Tr has 7 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 $188K in total revenue.
Filing History
IRS 990 filing history for Global Aerospace Inc Postretirement Medical Tr showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Global Aerospace Inc Postretirement Medical Tr's revenue has declined by 90%, moving from $5.9M to $589K. Total assets decreased by 48.4% over the same period, from $5.0M to $2.6M. Total functional expenses fell by 38.4%, from $935K to $575K. In its most recent filing year (2023), Global Aerospace Inc Postretirement Medical Tr reported a surplus of $14K, with revenue exceeding expenses. The organization holds $45K in liabilities against $2.6M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $589K | $575K | $2.6M | $45K | — | — |
| 2022 | $206K | $533K | $2.6M | $29K | — | View 990 |
| 2021 | $214K | $547K | $4.0M | $51K | — | View 990 |
| 2020 | $386K | $613K | $4.6M | $28K | — | — |
| 2019 | $309K | $661K | $4.5M | $116K | — | View 990 |
| 2018 | $562K | $965K | $4.3M | $120K | — | View 990 |
| 2017 | $5.9M | $935K | $5.0M | $45K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $589K, expenses of $575K, and assets of $2.6M (revenue +185.5% year-over-year).
- 2022: Revenue of $206K, expenses of $533K, and assets of $2.6M (revenue -3.8% year-over-year).
- 2021: Revenue of $214K, expenses of $547K, and assets of $4.0M (revenue -44.5% year-over-year).
- 2020: Revenue of $386K, expenses of $613K, and assets of $4.6M (revenue +25.1% year-over-year).
- 2019: Revenue of $309K, expenses of $661K, and assets of $4.5M (revenue -45.1% year-over-year).
- 2018: Revenue of $562K, expenses of $965K, and assets of $4.3M (revenue -90.5% year-over-year).
- 2017: Revenue of $5.9M, expenses of $935K, and assets of $5.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Global Aerospace Inc Postretirement Medical Tr:
Data Sources and Methodology
This transparency report for Global Aerospace Inc Postretirement Medical Tr 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.