Massachusetts Air and Space Museum Inc

Analysis

Massachusetts Air and Space Museum Inc is a registered charity in United States, based in Bedford, MA. It received its IRS tax-exemption ruling in June 2007, 19 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, Massachusetts Air and Space Museum Inc reported income of $274k and spending of $404k, spending 148% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $370k to $274k (-26%), an average of -9.6% a year. The sharpest change came in the year to December 2023, when income rose by 289%. Over the whole period it spent 121% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Massachusetts Air and Space Museum Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Cinemama ($273k), Music for Youth of Arlington Heights ($274k) and Town of Normal Childrens Discovery Museum Foundation ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $26k (6.5% of expenses). Other salaries and wages came to $39k. It paid $543 in professional fundraising fees. At year end it held assets of $350k against liabilities of $15k, net assets of $336k. It reported 2 employees.