Empire State Aerosciences Museum

Analysis

Empire State Aerosciences Museum is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in January 1985, 41 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Empire State Aerosciences Museum reported income of $473k and spending of $324k, leaving 31% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $243k to $473k (+95%), an average of +18% a year. The sharpest change came in the year to September 2021, when income rose by 143%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Empire State Aerosciences Museum sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Apples and Oranges Art Inc ($472k), Bmore Artists Guild Inc ($473k) and Norwegian American Genealogical Center Inc ($472k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 14% of the total. Other salaries and wages came to $49k. At year end it held assets of $1.1m against liabilities of $80k, net assets of $1.0m. It reported 5 employees.