Port Townsend Aero Museum

Analysis

Port Townsend Aero Museum is a registered charity in United States, based in Port Townsend, WA. It received its IRS tax-exemption ruling in May 2001, 25 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, Port Townsend Aero Museum reported income of $1.4m and spending of $622k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.4m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 54% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Port Townsend Aero Museum sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Theater Mu Incorporated ($1.4m), Oklahoma Arts Institute Foundation ($1.4m) and The Human Race Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $190k (31% of expenses). Other salaries and wages came to $140k. At year end it held assets of $8.9m against liabilities of $21k, net assets of $8.8m. It reported 7 employees.