Aerospace Museum of California Foundation

Analysis

Aerospace Museum of California Foundation is a registered charity in United States, based in McClellan, CA. It received its IRS tax-exemption ruling in October 1982, 44 years ago. 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, Aerospace Museum of California Foundation reported income of $1.5m and spending of $1.6m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.5m (-4.2%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Aerospace Museum of California Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include New Horizons for Community Bound Individuals Inc ($1.5m), Bright Hope Non-Profit Corporation ($1.5m) and Latin American Leadership Foundation Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $175k (11% of expenses). Other salaries and wages came to $628k. At year end it held assets of $3.8m against liabilities of $4.8m, net assets of -$1.0m. It reported 39 employees.