Connecticut Aeronautical Historical Association

Analysis

Connecticut Aeronautical Historical Association is a registered charity in United States, based in Windsor Locks, CT. It received its IRS tax-exemption ruling in October 1961, 65 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Connecticut Aeronautical Historical Association reported income of $2.6m and spending of $3.3m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.6m (+53%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 108%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Connecticut Aeronautical Historical Association sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within CT. Charities of a similar size with the same main cause include Boise Philharmonic Association Inc ($2.6m), Kenosha Public Museums Foundtion Inc ($2.6m) and Words of Peace International ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $246k (7.5% of expenses). Other salaries and wages came to $894k. At year end it held assets of $8.8m against liabilities of $541k, net assets of $8.2m. It reported 36 employees.