Sullenberger Aviation Museum

Analysis

Sullenberger Aviation Museum is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sullenberger Aviation Museum reported income of $17.5m and spending of $2.9m, leaving 83% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $17.5m (+1498%), an average of +100% a year. The sharpest change came in the year to June 2021, when income rose by 441%. Over the whole period it spent 22% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sullenberger Aviation Museum sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Kauffman Center for the Performing Arts ($17.5m), American Meteorological Society ($17.5m) and Ny Creates ($17.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $114k (3.9% of expenses). Other salaries and wages came to $417k. At year end it held assets of $25.3m against liabilities of $4.1m, net assets of $21.2m. It reported 11 employees.