Marine Aviation Museum Incorporated

Analysis

Marine Aviation Museum Incorporated is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 2003, 23 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, Marine Aviation Museum Incorporated reported income of $252k and spending of $240k, spending 95% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $61k to $252k (+316%), an average of +33% a year. The sharpest change came in the year to December 2019, when income rose by 1880%. Over the whole period it spent 11% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marine Aviation Museum Incorporated sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Helen Keller Birthplace Foundation Inc ($252k), Association of Bookmobile and Outreach Services ($252k) and Lewisburg Neighborhoods Corporation ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 22% of the total. At year end it held assets of $9.9m against liabilities of $4,193, net assets of $9.9m.