Glenn L Martin Maryland Aviation Museum Inc

Analysis

Glenn L Martin Maryland Aviation Museum Inc is a registered charity in United States, based in Middle River, MD. It received its IRS tax-exemption ruling in October 1990, 36 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Glenn L Martin Maryland Aviation Museum Inc reported income of $147k and spending of $180k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $219k to $147k (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2020, when income rose by 336%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Glenn L Martin Maryland Aviation Museum Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include Kunqu Society Inc ($147k), Ellensburg Rodeo Hall of Fame Association ($147k) and Yumi Cares Foundation Inc ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $64k (35% of expenses). Other salaries and wages came to $2,696. At year end it held assets of $714k against liabilities of $536, net assets of $714k.