World Kite Museum and Hall of Fame

Analysis

World Kite Museum and Hall of Fame is a registered charity in United States, based in Long Beach, WA. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, World Kite Museum and Hall of Fame reported income of $105k and spending of $137k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $245k to $105k (-57%), an average of -19% a year. The sharpest change came in the year to December 2020, when income dropped by 70%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, World Kite Museum and Hall of Fame sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within WA. Charities of a similar size with the same main cause include Palazzo Strozzi Foundation USA Inc ($105k), Clarion Foundation ($105k) and Valley Fest Inc ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% and program service revenue 24% of the total. At year end it held assets of $1.1m against liabilities of $51k, net assets of $1.0m.