San Diego Air & Space Museum

Analysis

San Diego Air & Space Museum is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 1963, 63 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, San Diego Air & Space Museum reported income of $6.3m and spending of $5.6m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.4m to $6.3m (+41%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 96%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Diego Air & Space Museum sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Central City Opera House Association ($6.2m), Black Feminist Future Inc ($6.3m) and Shakespeare & Company Inc ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $350k (6.3% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $11.5m against liabilities of $859k, net assets of $10.6m. It reported 103 employees.