Historic Aviation Memorial Museum Inc

Analysis

Historic Aviation Memorial Museum Inc is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in August 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Aviation Memorial Museum Inc reported income of $119k and spending of $111k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $102k to $119k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historic Aviation Memorial Museum Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include The Bethel Memorial Incorporated ($119k), Public Node ($119k) and Love 28 ($119k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $11k (10% of expenses). Other salaries and wages came to $803. At year end it held assets of $783k against liabilities of $413, net assets of $783k. It reported 2 employees.