Air Force Armament Museum Foundation Inc

Analysis

Air Force Armament Museum Foundation Inc is a registered charity in United States, based in Eglin Afb, FL. It received its IRS tax-exemption ruling in December 1978, 48 years ago. 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 June 2023, Air Force Armament Museum Foundation Inc reported income of $300k and spending of $224k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $259k to $300k (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 160% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Air Force Armament Museum Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Little League Baseball Inc ($300k), Oakhurst Cooperative Preschool ($300k) and H Eldridge and Louise R Hannford Charitable Trust ($300k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% of the total. Other salaries and wages came to $116k. At year end it held assets of $605k against liabilities of $7,069, net assets of $598k. It reported 5 employees.