Air Force Academy Foundation
3115 Academy Dr, Usaf Academy, CO · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $35,148,270 | $17,259,528 | $186,228,654 |
| FY2024 | $45,049,744 | $40,855,917 | $156,158,467 |
| FY2023 | $40,863,986 | $28,355,772 | $142,142,055 |
| FY2022 | $39,131,560 | $16,327,301 | $120,411,302 |
| FY2021 | $31,160,927 | $15,838,295 | $111,610,954 |
| FY2020 | $26,764,643 | $41,752,359 | $89,448,428 |
| FY2019 | $30,831,681 | $10,866,959 | $98,937,923 |
| FY2018 | $28,196,157 | $10,745,804 | $72,177,530 |
| FY2017 | $14,854,560 | $15,741,750 | $59,157,209 |
| FY2016 | $14,261,837 | $7,189,471 | $56,703,033 |
| FY2015 | $16,763,632 | $13,548,813 | $49,177,376 |
| FY2014 | $15,942,589 | $5,977,276 | $47,299,538 |
| FY2013 | $14,987,065 | $7,141,546 | $37,242,889 |
| FY2012 | $18,208,893 | $16,433,429 | $29,383,497 |
Form 990 filings
The returns filed by Air Force Academy Foundation (EIN 26-0537053), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $31,457,725 | 90% |
| Program service revenue | $0 | 0% |
| Other revenue | $3,690,545 | 10% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $10,558,226 | 61% |
| Management & general | $3,407,048 | 20% |
| Fundraising | $3,294,254 | 19% |
What the numbers show
- Contributions & grants made up 90% of total revenue in FY2025.
- Program services accounted for 61% of functional expenses, management & general 20%, and fundraising 19%.
- 61% of functional expenses went to program services in FY2025.
- Net assets covered about 129.5 months of expenses at the end of the reporting year. That puts it in the 56th percentile among 1234 Philanthropy, Voluntarism & Grantmaking Foundations organizations in CO.
- Total revenue was higher than 99.1% of 1267 Philanthropy, Voluntarism & Grantmaking Foundations organizations in CO.
- Total revenue rose from $18,208,893 in FY2012 to $35,148,270 in FY2025. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 14 reported years (FY2017, FY2020).
- The highest revenue on record here is $45,049,744 in FY2024.
- Net assets grew from $29,383,497 to $186,228,654 between FY2012 and FY2025.
- Contributions and grants made up 99% of revenue in FY2012 and 90% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
IRS status
| Ruling year | 2008 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | T20 — Philanthropy, Voluntarism & Grantmaking Foundations (in CO) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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