The Virginia Air and Space Center

Analysis

The Virginia Air and Space Center is a registered charity in United States, based in Hampton, VA. It received its IRS tax-exemption ruling in November 1988, 38 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 June 2024, The Virginia Air and Space Center reported income of $3.7m and spending of $2.9m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.1m to $3.7m (+20%), an average of +4.8% a year. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Virginia Air and Space Center sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Aurora Theatre Inc ($3.7m), North Coast Repertory Theatre a Non Profit Corporation ($3.7m) and Barnum Museum Foundation Inc ($3.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 32% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $3.9m against liabilities of $733k, net assets of $3.2m. It reported 73 employees.