American Airpower Heritage Museum Inc

Analysis

American Airpower Heritage Museum Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in June 1990, 36 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Airpower Heritage Museum Inc reported income of $1.8m and spending of $2.7m, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $403k to $1.8m (+341%), an average of +45% a year. The sharpest change came in the year to December 2021, when income rose by 487%. Over the whole period it spent 127% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Airpower Heritage Museum Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Motorsports Museum & Hall of Fame of America Foundation Inc ($1.8m), Grand Central Atelier Inc ($1.8m) and Theatre for the New City Foundation Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 23% of the total. At year end it held assets of $11.6m against liabilities of $12.7m, net assets of -$1.1m.