Overview
What is Airo?
Airo is a nonprofit organization dedicated to eliminating financial barriers that hinder the spread of the gospel to unreachable areas. Based in Riverside, California, Airo offers two primary programs: The Go Fund and The Missions Course. The Go Fund assists missionary families by repaying their student debts, which is a significant financial hurdle for many individuals called to serve in remote regions. Airo evaluates candidates through a rigorous selection process, and once approved, makes monthly payments towards their student loans with a 10-year repayment goal. In 2022, Airo was supporting 59 missionary partners, while 40 more awaited assignment. The organization's mission to contribute to the Great Commission drives its efforts to help missionaries advance the gospel to the unreached, ensuring that financial concerns do not hinder their calling. Airo's workforce consists of 9 individuals.
Official website here: www.airomissions.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 45%, Zero-Star out of Four Star rating.
Airo has received a low score of 45% from Charity Navigator, indicating significant concerns regarding its financial health and operational transparency. While the organization boasts a fully independent board of members and complies with various governance policies, its overall accountability and financial management practices raise red flags. The financial statements are only reviewed or compiled, lacking the rigor of a full audit, which negatively impacts its score.
Despite scoring well on several governance-related factors, such as having a conflict of interest policy and maintaining documented board meeting minutes, Airo struggles with financial stability. With a program expense ratio of only 44.57%, it faces challenges in effectively allocating resources toward its programs. Additionally, the liabilities to assets ratio stands at 0.00%, suggesting potential issues with asset management that may affect its operational viability.
The combination of a low program expense ratio and insufficient financial oversight points to a need for improvement in Airo's financial practices and program delivery. Stakeholders and potential donors should exercise caution and seek further information before contributing or engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Airo legitimate?
Airo is a legitimate nonprofit organization registered as a 501(c)(3) entity. Airo submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $131,967
Professional Fundraising Fees: $0
Other Salaries and Wages: $378,845
For more financial information, click here
Official website here: www.airomissions.com/
What is the mission statement of Airo?
Airo, as an organization, is committed to eliminating barriers and facilitating the advancement of the gospel to those yet to be reached. They accomplish this through two primary programs: The Go Fund and The Missions Course. The Go Fund specifically targets missionary families with significant student debt, providing a repayment program to help mobilize them to areas lacking gospel presence. The program involves a qualification phase, selection process, and mobilization stage, with Airo making monthly student loan payments for approved missionaries working in the field. In 2022, the organization was supporting 59 missionary partners in this manner. Additionally, 40 missionary partners were awaiting assignment, with an estimated debt payment obligation of over $5.6 million for all approved partners over the next decade.
Official website here: www.airomissions.com/
Who is the CEO of Airo?
Matthew Sonke is the Chairman of Airo.
Official website here: www.airomissions.com/
What is the revenue of Airo?
Airo's revenue in 2022 was $1,564,175.
Official website here: www.airomissions.com/
Who are the executives of Airo and what are their salaries?
The average compensation at Airo during 2022 was $56,757. There are 9 employees and 50 volunteers at Airo.
Here are 9 key members and their salaries:
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- Compensation: $131,967
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- Other: $3,959
Official website here: www.airomissions.com/
Where can I find the form 990 for Airo?
Airo's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.airomissions.com/
Learn more at the official website: www.airomissions.com/
Mission Statement of Airo
Airo, an organization dedicated to eliminating barriers, is committed to advancing the gospel to the unreached. To fulfill this mission, Airo operates two programs: The Go Fund and The Missions Course. The Go Fund is a student debt repayment program designed to assist missionary families in overcoming financial barriers, enabling them to serve in areas where the gospel is yet to reach. This program follows a three-step process: qualification, selection, and mobilization. Through this process, Airo selects and supports missionary partners, making monthly payments towards their student loans, aiming to eliminate their debt within a decade. As of 2022, Airo was assisting 59 missionary partners in this manner, while 40 more were awaiting assignment. Overall, Airo's mission is to play a significant role in the Great Commission by removing financial obstacles for missionary families, allowing them to spread the gospel to the unreached.
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Impact
July, 2024
Airo's impact can be seen in its dedicated efforts to eliminate barriers hindering the advancement of the gospel to the unreached. Through its flagship program, The Go Fund, Airo is actively supporting missionary families by alleviating their student debt burdens, allowing them to focus on spreading the message of faith to places where it is needed most. This practical assistance not only aids in the financial aspects but also enables more missionaries to be deployed to regions unreached by the gospel. Airo's commitment to this cause is evident in the number of missionary partners already benefiting from the program and those awaiting assignment, indicating a significant and ongoing impact in the field of missions.
This information is meant to be a general summary of Airo. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $43,485
- Gross Receipts: $1,564,175
Assets and Liabilities:
- Total Assets: $1,913,521
- Total Liabilities: $0
- Net Assets: $1,913,521
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Organization Details
Founding Year
2012
Phone
(844) 463-8635Principal Officer
Matthew Sonke
Main Address
PO BOX 2917, RIVERSIDE, CA, 925162917
Website
www.airomissions.com/NTEE Category
Code: X20 - Religion related
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