Hiller Aviation Institute

Analysis

Hiller Aviation Institute is a registered charity in United States, based in San Carlos, CA. It received its IRS tax-exemption ruling in July 1995, 31 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 June 2023, Hiller Aviation Institute reported income of $3.1m and spending of $3.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $3.1m (+8.0%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 111%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hiller Aviation Institute 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 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Marquis Studios Ltd ($3.1m), Boston Public Art Triennial Inc ($3.1m) and Connecticut Public Affairs Network Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $301k (9.8% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $14.2m against liabilities of $842k, net assets of $13.4m. It reported 60 employees.