Frontiers of Flight Museum Inc

Analysis

Frontiers of Flight Museum Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 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 (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, Frontiers of Flight Museum Inc reported income of $2.2m and spending of $2.0m, spending 91% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.9m to $2.2m (+15%), an average of +2.9% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. 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, Frontiers of Flight Museum Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Portland Playhouse ($2.2m), Knights of Columbus Museum Inc ($2.2m) and Kirby Family Farm ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $305k (15% of expenses). Other salaries and wages came to $348k. At year end it held assets of $6.4m against liabilities of $161k, net assets of $6.3m. It reported 34 employees.