Combat Air Museum Inc

Analysis

Combat Air Museum Inc is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in April 1979, 47 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, Combat Air Museum Inc reported income of $164k and spending of $142k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $121k to $164k (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Combat Air Museum Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within KS. Charities of a similar size with the same main cause include Old Courthouse Theatre Inc ($164k), Mason Music Foundation ($164k) and Cygnus Creative Arts Centre Inc ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $56k (39% of expenses). At year end it held assets of $163k against liabilities of $6,830, net assets of $156k. It reported 2 employees.