Illinois Aviation Museum at Bolingbrook

Analysis

Illinois Aviation Museum at Bolingbrook is a registered charity in United States, based in Bolingbrook, IL. It received its IRS tax-exemption ruling in August 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 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, Illinois Aviation Museum at Bolingbrook reported income of $61k and spending of $63k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $93k to $61k (-35%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Illinois Aviation Museum at Bolingbrook sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within IL. Charities of a similar size with the same main cause include Gainesville Chess Club Inc ($61k), Children Theater Project ($61k) and Round-Up Hall of Fame Association ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $202k against liabilities of $0, net assets of $202k.