Wings Over the Rockies Air & Space Museum

Analysis

Wings Over the Rockies Air & Space Museum is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 1989, 37 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, Wings Over the Rockies Air & Space Museum reported income of $8.8m and spending of $6.8m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $8.8m (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wings Over the Rockies Air & Space Museum sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Railroading Heritage of Midwest America Inc ($8.8m), Elife Sciences Publications Ltd ($8.8m) and Scratch Foundation ($8.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $399k (5.9% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $18.6m against liabilities of $2.1m, net assets of $16.4m. It reported 105 employees.