Naval Aviation Museum Foundation Inc

Analysis

Naval Aviation Museum Foundation Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in June 1980, 46 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, Naval Aviation Museum Foundation Inc reported income of $11.0m and spending of $9.2m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.0m to $11.0m (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 139%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Naval Aviation Museum Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Wadsworth Atheneum Museum of Art ($10.9m), Better Angels Society Inc ($11.0m) and Democracy Now Productions Inc ($10.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $972k (11% of expenses). At year end it held assets of $34.2m against liabilities of $1.1m, net assets of $33.2m. It reported 183 employees.