Hagerstown Aviation Museum Inc

Analysis

Hagerstown Aviation Museum Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in January 2006, 20 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, Hagerstown Aviation Museum Inc reported income of $1.8m and spending of $668k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $443k to $1.8m (+296%), an average of +41% a year. The sharpest change came in the year to December 2022, when income rose by 411%. Over the whole period it spent 22% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hagerstown Aviation Museum Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Central Terminal Restoration Corp ($1.8m), Clay Art Center Inc ($1.8m) and Cape Cod Museum of Natural History Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $40k. At year end it held assets of $8.0m against liabilities of $14k, net assets of $8.0m. It reported 4 employees.