Silent Wings Museum Foundation Inc

Analysis

Silent Wings Museum Foundation Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in May 2004, 22 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Silent Wings Museum Foundation Inc reported income of $83k and spending of $50k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $83k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Silent Wings Museum Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include Mima Music ($83k), The Pendleton Band Boosters Club ($83k) and Lapointe - Krebs Foundation Inc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $407k against liabilities of $0, net assets of $407k.