North Carolina Aviation Museum & Hall of Fame Incorporated

Analysis

North Carolina Aviation Museum & Hall of Fame Incorporated is a registered charity in United States, based in Asheboro, NC. It received its IRS tax-exemption ruling in June 1995, 31 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 April 2024, North Carolina Aviation Museum & Hall of Fame Incorporated reported income of $56k and spending of $85k, spending 150% of what it took in. Across the 3 years on record, from April 2022 to April 2024, income fell from $217k to $56k (-74%), an average of -49% a year. The sharpest change came in the year to April 2024, when income dropped by 49%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Carolina Aviation Museum & Hall of Fame Incorporated sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within NC. Charities of a similar size with the same main cause include Whit Press ($56k), Friends Forever Foundation NFP ($56k) and Warren Symphony Society ($56k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 29% of the total. At year end it held assets of $281k against liabilities of $679, net assets of $280k.