Aerospace Village

Analysis

Aerospace Village is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover science and technology, 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, Aerospace Village reported income of $151k and spending of $54k, leaving 64% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $151k (+78%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 78%. 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, Aerospace Village sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include Artspot Productions Inc ($150k), South Haven Art Association ($151k) and American News Womens Club Inc ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $148k against liabilities of $0, net assets of $148k.