Academy of Model Aeronautics Foundation

Analysis

Academy of Model Aeronautics Foundation is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in October 2013, 13 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Academy of Model Aeronautics Foundation reported income of $691k and spending of $331k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $265k to $691k (+161%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 111%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Academy of Model Aeronautics Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IN. Charities of a similar size with the same main cause include Mens Health Network ($691k), Underground Railroad History Project of the Capital Region ($692k) and Friends of Goethe Inc ($691k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $68k (20% of expenses). At year end it held assets of $2.5m against liabilities of $500k, net assets of $2.0m.