Western North Carolina Air Museum Inc

Analysis

Western North Carolina Air Museum Inc is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in March 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 September 2023, Western North Carolina Air Museum Inc reported income of $452k and spending of $58k, leaving 87% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $34k to $452k (+1217%), an average of +136% a year. The sharpest change came in the year to September 2023, when income rose by 593%. Over the whole period it spent 31% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Western North Carolina Air Museum Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Glass Art Society Inc ($452k), Yellow Tree Theatre ($452k) and Twin Cities Gay Mens Chorus ($452k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 0.2% of the total. At year end it held assets of $1.0m against liabilities of $27k, net assets of $1.0m.