The Astronauts Memorial Foundation Inc

Analysis

The Astronauts Memorial Foundation Inc is a registered charity in United States, based in Kennedy Space Center, FL. It received its IRS tax-exemption ruling in August 1986, 40 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 June 2023, The Astronauts Memorial Foundation Inc reported income of $1.3m and spending of $2.1m, spending 162% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $1.3m (-6.8%), an average of -1.7% a year. The sharpest change came in the year to June 2020, when income rose by 158%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Astronauts Memorial Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Princess Theatre Center for the Performing Arts ($1.3m), Native Action Network ($1.3m) and Manassas Performing Arts Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $182k (8.7% of expenses). Other salaries and wages came to $490k. At year end it held assets of $12.1m against liabilities of $154k, net assets of $11.9m. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.