Virginia · Nonprofit
AIR & SPACE FORCES AID SOCIETY INC
AIR & SPACE FORCES AID SOCIETY INC (Virginia) receives grants from 62 organizations whose IRS filings report $11,317,159 to it, the largest being LILLY ENDOWMENT INC ($7,500,000). 31 of them have funded it in more than one year.
- Revenue FY2024
- $12M
- Funders on record
- 62
- Grants received
- $11M
- Net assets
- $244M
What Air & Space Forces Aid Society Inc does
Mission
Support airmen and guardians by relieving emergency financial distress, helping families achieve their educational goals, and improving the quality of air and space force life.
As stated on its FY2024 Form 990.
Programs
Emergency assistance: this program provides interest free loans and grants to air and space force members, retirees and widows based on the individual situation. These loans and grants are provided to meet immediate financial needs in an emergency situation as a step toward a lasting solution to a problem. Eligible members may apply through a standard of falcon loan application. The society started the falcon loan program in march 2008 to make emergency assistance funds readily accessible to air and space force members in need by streamlining the application process. The falcon loan program provides interest-free loans of up to $1,500 to assist with emergency financial needs.
$7,950,713 spentof which $6,160,907 as grants56% of program spendingEducational assistance: the general h. H. Arnold education grant program provides needs-based grants to sons, daughters, and spouses of the air and space force members who are enrolled full time in undergraduate programs. The amount of the grant a student receives is based on the financial need of the family and ranges from $2,000 to $5,000.in addition to needs-based grants, the society also provides $5,000 merit-based scholarships to the top incoming college and university freshmen students. The selection process involves the evaluation of cumulative gpa, high school transcripts, and a written essay on a specific topic designated by the society.
$4,135,211 spentof which $3,715,443 as grants29% of program spendingCommunity enhancement: this program includes individual programs in four main areas: childcare, parenting, and spouse (education/orientation/job skills). These programs are designed to improve quality of life and meet current and emerging needs of air force members during all stages of their career/life.
$2,002,048 spentof which $678,151 as grants14% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $14,087,972.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $262M to $223M (−15%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
31% of AIR & SPACE FORCES AID SOCIETY INC’s revenue is contributions — more donation-reliant than the typical peer (30% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Edward Thomas Jr
Chief executive officer
As listed on its FY2024 Form 990.
The chief executive listed changed between the FY2023 and FY2024 filings.
Who funds it, year by year
2017 → 2023: the base broadened from 6 funders to 21 funders, grant income rose $52k → $319k.
13 of 62 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 16% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of AIR & SPACE FORCES AID SOCIETY INC’s funders (the co-funder graph). Top 30 of 62 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
AIR & SPACE FORCES AID SOCIETY INC leans on a few funders — its largest provides 66% of grant income and the top three 82%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
26% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund AIR & SPACE FORCES AID SOCIETY INC.
Largest funder’s share by year: 2017 40% · 2018 35% · 2019 46% · 2020 35% · 2021 52% · 2022 46% · 2023 35% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
46% of AIR & SPACE FORCES AID SOCIETY INC's funders are still giving 3 years after their first grant; 50% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
AIR & SPACE FORCES AID SOCIETY INC draws 100% of its grant income from funders outside Virginia, across 21 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.8M arriving through sponsors registered in 10 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
AIR & SPACE FORCES AID SOCIETY INC's funding base is broadening — from 6 funders to 21 as grant income climbed.
this organization peer median middle 50% of peers· 269 public benefit nonprofits $10M–$100M, FY2024
Organizations like AIR & SPACE FORCES AID SOCIETY INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
83% of spending goes to programs.
Governance
Public support
46%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 38 states
Screen this organization
A dated, signed PDF of the compliance screen for AIR & SPACE FORCES AID SOCIETY INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds AIR & SPACE FORCES AID SOCIETY INC?
- AIR & SPACE FORCES AID SOCIETY INC (Virginia) receives grants from 62 organizations whose IRS filings report $11,317,159 to it, the largest being LILLY ENDOWMENT INC ($7,500,000). 31 of them have funded it in more than one year.
- How many funders does AIR & SPACE FORCES AID SOCIETY INC have?
- IRS filings report 62 organizations giving $11,317,159 in grants to AIR & SPACE FORCES AID SOCIETY INC, 31 of which have funded it in more than one year.
- Who is the largest funder of AIR & SPACE FORCES AID SOCIETY INC?
- LILLY ENDOWMENT INC is the largest funder on record, with $7,500,000 in grants. The full list of funders is on this page.
- How can an organization like AIR & SPACE FORCES AID SOCIETY INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 62 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing