Mid Atlantic Air Museum Inc

Analysis

Mid Atlantic Air Museum Inc is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in June 1986, 40 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, Mid Atlantic Air Museum Inc reported income of $813k and spending of $755k, spending 93% of its income. Across the 6 years on record, from November 2019 to December 2023, income grew from $707k to $813k (+15%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 14389%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mid Atlantic Air Museum Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Quincy Childrens Museum ($813k), Arts Engagement Foundation of Kansas City ($813k) and Colquitt Miller Arts Council Inc ($813k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $90k (12% of expenses). Other salaries and wages came to $91k. At year end it held assets of $6.1m against liabilities of $359k, net assets of $5.8m. It reported 4 employees.