Kansas Aviation Museum Inc

Analysis

Kansas Aviation Museum Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in September 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 December 2023, Kansas Aviation Museum Inc reported income of $882k and spending of $827k, spending 94% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $401k to $882k (+120%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 120%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kansas Aviation Museum Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within KS. Charities of a similar size with the same main cause include Rhizome Communications Inc ($882k), Wisconsineye Public Affairs Network Inc ($882k) and Piedmont Players Theatre Inc ($882k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $72k (8.7% of expenses). At year end it held assets of $1.7m against liabilities of $159k, net assets of $1.5m. It reported 12 employees.