Niagara Aerospace Museum

Analysis

Niagara Aerospace Museum is a registered charity in United States, based in Niagara Falls, NY. It received its IRS tax-exemption ruling in November 1992, 34 years ago. 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, Niagara Aerospace Museum reported income of $108k and spending of $156k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $214k to $108k (-49%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Niagara Aerospace Museum sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Lake Erie Silver Dolphins Booster Club Inc ($108k), Association of Public Pension Fund Auditors Inc ($108k) and PTA South Carolina Congress ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 12% of the total. Other salaries and wages came to $25k. At year end it held assets of $119k against liabilities of $0, net assets of $119k. It reported 4 employees.