National Stearman Foundation Inc

Analysis

National Stearman Foundation Inc is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in May 1999, 27 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, National Stearman Foundation Inc reported income of $253k and spending of $42k, leaving 83% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $192k to $253k (+32%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 163%. Over the whole period it spent 7.9% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Stearman Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within IL. Charities of a similar size with the same main cause include National Choral Council Inc ($252k), Cascade Symphony Orchestra Inc ($253k) and Northwest Creative and Expressive Arts Institute ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.