Aviation Hall of Fame of New Jersey

Analysis

Aviation Hall of Fame of New Jersey is a registered charity in United States, based in Teterboro, NJ. It received its IRS tax-exemption ruling in February 1973, 53 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 December 2023, Aviation Hall of Fame of New Jersey reported income of $110k and spending of $139k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $189k to $110k (-42%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 125% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aviation Hall of Fame of New Jersey sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 47th percentile within NJ. Charities of a similar size with the same main cause include Princeton Youth Ballet Inc ($110k), Grosse Pointe Symphony Orchestra Society ($110k) and Greater Cincinnati Police Historical Society Inc ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $53k (38% of expenses). At year end it held assets of $141k against liabilities of $225, net assets of $141k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.