Uss Midway Museum

Analysis

Uss Midway Museum is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in December 1998, 28 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, Uss Midway Museum reported income of $39.8m and spending of $28.8m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $29.9m to $39.8m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 151%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Uss Midway Museum sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include The Center for Employment Security Education and Research Inc ($39.8m), The Hobby Center Foundation ($39.8m) and American Film Institute Inc ($39.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $628k (2.2% of expenses). Other salaries and wages came to $9.8m. At year end it held assets of $112.5m against liabilities of $8.3m, net assets of $104.2m. It reported 279 employees.