Museum of Flying

Analysis

Museum of Flying is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 1974, 52 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, Museum of Flying reported income of $275k and spending of $450k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $559k to $275k (-51%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 362%. Over the whole period it spent 130% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of Flying 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 CA. Charities of a similar size with the same main cause include Mt Holly Cemetery Association ($275k), Hamilton Gibson Productions ($275k) and HST Cultural Arts Inc ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 37% of the total. Other salaries and wages came to $103k. At year end it held assets of $1.6m against liabilities of $432k, net assets of $1.2m. It reported 3 employees.