Academy of Model Aeronautics Ama

Analysis

Academy of Model Aeronautics Ama is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in December 1967, 59 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) 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 Ama reported income of $9.1m and spending of $10.0m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.9m to $9.1m (+1.7%), an average of +0.4% a year. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Academy of Model Aeronautics Ama sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include California State Parks Foundation ($9.1m), Camp Hachsharamoshava of N Y Inc ($9.2m) and Warm Beach Christian Camps & Conference Center ($9.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $248k (2.5% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $15.4m against liabilities of $8.0m, net assets of $7.4m. It reported 54 employees.