Evergreen Aviation and Space Museum and the Captain Michael King Smith

Analysis

Evergreen Aviation and Space Museum and the Captain Michael King Smith is a registered charity in United States, based in McMinnville, OR. It received its IRS tax-exemption ruling in January 1997, 29 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, Evergreen Aviation and Space Museum and the Captain Michael King Smith reported income of $3.3m and spending of $3.7m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $3.3m (-3.2%), an average of -0.8% a year. The sharpest change came in the year to December 2021, when income rose by 95%. 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, Evergreen Aviation and Space Museum and the Captain Michael King Smith sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within OR. Charities of a similar size with the same main cause include Garth Newel Music Center Foundation Corp ($3.3m), Opera Parallele ($3.3m) and Laguna Art Museum ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $333k (8.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.3m against liabilities of $2.5m, net assets of $1.7m. It reported 52 employees.