Kalamazoo Aviation History Museum

Analysis

Kalamazoo Aviation History Museum is a registered charity in United States, based in Portage, MI. It received its IRS tax-exemption ruling in June 1977, 49 years ago. 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, Kalamazoo Aviation History Museum reported income of $6.9m and spending of $6.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $6.9m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kalamazoo Aviation History Museum sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include St Jeanne de Lestonnac Free Clinic ($6.9m), Northridge Preparatory School Inc ($6.9m) and Vip Services Inc ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $330k (4.9% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $18.3m against liabilities of $1.4m, net assets of $16.9m. It reported 132 employees.