Beechcraft Heritage Museum Inc

Analysis

Beechcraft Heritage Museum Inc is a registered charity in United States, based in Tullahoma, TN. It received its IRS tax-exemption ruling in June 1974, 52 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, Beechcraft Heritage Museum Inc reported income of $542k and spending of $610k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $542k (-77%), an average of -31% a year. The sharpest change came in the year to December 2020, when income dropped by 63%. Over the whole period it spent 48% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Beechcraft Heritage Museum Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Frontier Media Group ($541k), Design Museum Foundation Inc ($542k) and WSLR Inc ($541k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% of the total. Compensation of current officers, directors and key employees was $184k (30% of expenses). Other salaries and wages came to $17k. At year end it held assets of $15.5m against liabilities of $14k, net assets of $15.5m. It reported 4 employees.