War Eagles Air Museum

Analysis

War Eagles Air Museum is a registered charity in United States, based in Santa Teresa, NM. It received its IRS tax-exemption ruling in July 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 2022, War Eagles Air Museum reported income of $455k and spending of $606k, spending 133% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $341k to $455k (+33%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 128% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, War Eagles Air Museum sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within NM. Charities of a similar size with the same main cause include Freedom Encounter ($454k), Legacy Imperative Inc ($455k) and New Bedford Festival Theatre Inc ($454k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 32% and program service revenue 63% of the total. Other salaries and wages came to $242k. At year end it held assets of $16.3m against liabilities of $15k, net assets of $16.3m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.