1941 Historical Aircraft Group Inc

Analysis

1941 Historical Aircraft Group Inc is a registered charity in United States, based in Geneseo, NY. It received its IRS tax-exemption ruling in September 2000, 26 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, 1941 Historical Aircraft Group Inc reported income of $350k and spending of $419k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $614k to $350k (-43%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 102%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 1941 Historical Aircraft Group Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Panama City Symphony Inc ($350k), CSPS Hall Inc ($350k) and Opera on the James ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 61% of the total. Other salaries and wages came to $12k. At year end it held assets of $686k against liabilities of $33k, net assets of $653k. It reported 2 employees.