National Museum of the Mighty Eighth Air Force Inc

Analysis

National Museum of the Mighty Eighth Air Force Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, National Museum of the Mighty Eighth Air Force Inc reported income of $3.1m and spending of $2.2m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.1m (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 143%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, National Museum of the Mighty Eighth Air Force Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Rodman for Kids Inc ($3.1m), Steve Menzies Global Foundation Inc ($3.1m) and Rochester Area Community Foundation Depository Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $153k (6.8% of expenses). Other salaries and wages came to $689k. At year end it held assets of $5.2m against liabilities of $125k, net assets of $5.1m. It reported 44 employees.