Mid America Transportation & Aviation Museum

Analysis

Mid America Transportation & Aviation Museum is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in April 1992, 34 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 April 2023, Mid America Transportation & Aviation Museum reported income of $62k and spending of $145k, spending 233% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income grew from $43k to $62k (+46%), an average of +10% a year. The sharpest change came in the year to April 2021, when income rose by 138%. Over the whole period it spent 150% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mid America Transportation & Aviation Museum sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within IA. Charities of a similar size with the same main cause include Maryland Fire-Rescue Services ($62k), Faribault Community T V and Multimedia Center ($62k) and Versailles Area Historical Society Inc ($62k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 117% of the total. Compensation of current officers, directors and key employees was $24k (17% of expenses). At year end it held assets of $3.2m against liabilities of $704, net assets of $3.2m. It reported 1 employees.