Friends of the Chennault Aviation & Military Museum of Louisiana Inc

Analysis

Friends of the Chennault Aviation & Military Museum of Louisiana Inc is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in October 1996, 30 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 2022, Friends of the Chennault Aviation & Military Museum of Louisiana Inc reported income of $519k and spending of $378k, leaving 27% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $453k to $519k (+15%), an average of +4.7% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Chennault Aviation & Military Museum of Louisiana 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 69th percentile within LA. Charities of a similar size with the same main cause include Wild Project Productions Inc ($519k), Hattiesburg Civic Chorus & Concert Association Inc ($519k) and Global Pediatric Alliance ($519k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 68% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $77k (20% of expenses). Other salaries and wages came to $83k. At year end it held assets of $1.9m against liabilities of $6,373, net assets of $1.9m. It reported 10 employees.