Cavanaugh Flight Museum

Analysis

Cavanaugh Flight Museum is a registered charity in United States, based in Denison, TX. It received its IRS tax-exemption ruling in February 2005, 21 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, Cavanaugh Flight Museum reported income of $1.0m and spending of $828k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.0m (-50%), an average of -16% a year. The sharpest change came in the year to December 2023, when income rose by 218%. Over the whole period it spent 136% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cavanaugh Flight Museum sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Waterwell Productions Inc ($1.0m), Bakersfield Art Foundation Inc ($1.0m) and The All-American Boys Chorus ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 9.7% of the total. Other salaries and wages came to $238k. At year end it held assets of $2.2m against liabilities of $153k, net assets of $2.0m. It reported 9 employees.