Experimental Aircraft Association Inc

Analysis

Experimental Aircraft Association Inc is a registered charity in United States, based in Oshkosh, WI. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover science and technology, 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 February 2023, Experimental Aircraft Association Inc reported income of $44.6m and spending of $43.2m, spending 97% of its income. Across the 5 years on record, from February 2019 to February 2023, income fell from $45.6m to $44.6m (-2.2%), an average of -0.6% a year. The sharpest change came in the year to February 2022, when income rose by 135%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Experimental Aircraft Association Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WI. Charities of a similar size with the same main cause include Memphis Brooks Museum of Art Inc ($44.3m), Denver Art Museum Inc ($44.7m) and Alfred E Mann Foundation for Scientific Research ($44.1m).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 20% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $1.9m (4.4% of expenses). Other salaries and wages came to $11.4m. At year end it held assets of $63.7m against liabilities of $28.7m, net assets of $35.0m. It reported 1,016 employees.