The Aviation Museum of Kentucky Inc

Analysis

The Aviation Museum of Kentucky Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in January 1984, 42 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, The Aviation Museum of Kentucky Inc reported income of $720k and spending of $311k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $267k to $720k (+170%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Aviation Museum of Kentucky Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within KY. Charities of a similar size with the same main cause include Newton Chinese Language School ($720k), Vibe Theater Experience ($720k) and Via International Inc ($720k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 31% of the total. Other salaries and wages came to $60k. At year end it held assets of $3.4m against liabilities of $5,260, net assets of $3.4m. It reported 3 employees.