Cadet Air Corps Museum

Analysis

Cadet Air Corps Museum is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in March 2012, 14 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, Cadet Air Corps Museum reported income of $444k and spending of $122k, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $79k to $444k (+464%), an average of +54% a year. The sharpest change came in the year to December 2022, when income rose by 109900%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cadet Air Corps Museum sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within MO. Charities of a similar size with the same main cause include Heritage Museum of Orange County ($444k), Fergus Falls Center for the Arts Inc ($444k) and Art Sanctuary Inc ($444k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $903k against liabilities of $0, net assets of $903k.