Chico Air Museum

Analysis

Chico Air Museum is a registered charity in United States, based in Chico, CA. It received its IRS tax-exemption ruling in April 2006, 20 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, Chico Air Museum reported income of $107k and spending of $93k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $109k to $107k (-1.6%), an average of -0.4% a year. The sharpest change came in the year to December 2021, when income rose by 170%. Over the whole period it spent 57% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chico Air Museum sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Malie Foundation ($107k), National Band Association Inc ($107k) and Art Plus Gallery ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 15% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.