National Soaring Museum Inc

Analysis

National Soaring Museum Inc is a registered charity in United States, based in Elmira, NY. It received its IRS tax-exemption ruling in November 1973, 53 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, National Soaring Museum Inc reported income of $172k and spending of $290k, spending 168% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $326k to $172k (-47%), an average of -15% a year. The sharpest change came in the year to December 2022, when income rose by 106%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Soaring Museum Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Tri-M Millenial Music Makers Productions ($172k), Madison Historical Society Inc ($172k) and Skyes the Limit Foundation Inc ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $70k (24% of expenses). Other salaries and wages came to $107k. At year end it held assets of $5.1m against liabilities of $84k, net assets of $5.0m. It reported 8 employees.