Shannon Air Museum

Analysis

Shannon Air Museum is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in July 2017, 9 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, Shannon Air Museum reported income of $123k and spending of $204k, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $76k to $123k (+61%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 863%. Over the whole period it spent 42% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shannon Air Museum sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within VA. Charities of a similar size with the same main cause include Nuestras Raices Inc ($123k), Association of Earth Science Clubs of Greater Kansas City Inc 1000 Po ($123k) and Grass Roots Events Inc ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 39% of the total. At year end it held assets of $8.0m against liabilities of $2.0m, net assets of $6.0m.