Castle Air Museum Foundation Incorporated

Analysis

Castle Air Museum Foundation Incorporated is a registered charity in United States, based in Atwater, CA. It received its IRS tax-exemption ruling in March 1981, 45 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, Castle Air Museum Foundation Incorporated reported income of $1.2m and spending of $934k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $784k to $1.2m (+55%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Castle Air Museum Foundation Incorporated sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Newport Contemporary Ballet ($1.2m), Media Impact Funders Inc ($1.2m) and Theater Works ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 37% of the total. Other salaries and wages came to $323k. At year end it held assets of $2.0m against liabilities of $32k, net assets of $2.0m. It reported 18 employees.