Arkansas Air and Military Museum

Analysis

Arkansas Air and Military Museum is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in May 1987, 39 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 December 2023, Arkansas Air and Military Museum reported income of $241k and spending of $198k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $110k to $241k (+120%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 509%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arkansas Air and Military Museum sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within AR. Charities of a similar size with the same main cause include Academy of Hawaiian Arts Inc ($241k), Black Arts & Culture Alliance of Chicago ($241k) and Tigrai Media House ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $49k (25% of expenses). Other salaries and wages came to $38k. At year end it held assets of $682k against liabilities of $2,924, net assets of $679k. It reported 5 employees.