Tennessee Museum of Aviation

Analysis

Tennessee Museum of Aviation is a registered charity in United States, based in Sevierville, TN. It received its IRS tax-exemption ruling in September 2001, 25 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, Tennessee Museum of Aviation reported income of $348k and spending of $398k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $321k to $348k (+8.6%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tennessee Museum of Aviation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within TN. Charities of a similar size with the same main cause include Wasatch Western Heritage Inc ($348k), Braver Players Musical Theater Foundation ($348k) and Maps Media Institute Inc ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 45% of the total. Other salaries and wages came to $154k. At year end it held assets of $118k against liabilities of $1.5m, net assets of -$1.4m. It reported 5 employees.