Texas Air and Space Museum Inc

Analysis

Texas Air and Space Museum Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in July 1988, 38 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Texas Air and Space Museum Inc reported income of $103k and spending of $89k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $205k to $103k (-50%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 36% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Air and Space Museum Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within TX. Charities of a similar size with the same main cause include Media Talk 101 ($103k), Flaglerlivecom Inc ($103k) and Journeys in Film ($103k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 17% of the total. At year end it held assets of $6.3m against liabilities of $0, net assets of $6.3m.