AIR FORCE MUSEUM FOUNDATION INC

DAYTON, OH, 45433-0624 (937) 258-1218 Est. 1966 EIN 31-0668800

A115— Arts, Culture & Humanities Form 990 501(c)(3)

WWW.AIRFORCEMUSEUM.COM

Mission

TO ASSIST IN DEVELOPING AND INCREASING THE FACILITIES OF THE NATIONAL MUSEUM OF THE UNITED STATES AIR FORCE AND TO PORTRAY AND PRESERVE THE HISTORY OF THE UNITED STATES AIR FORCE AND ITS PREDECESSOR SERVICES BY EXHIBITING AERONAUTICAL ITEMS ASSOCIATED WITH CELEBRATED EVENTS, IMPORTANT ERA AND NOTABLE ACHIEVEMENTS OF THE AIR FORCE.

Financials

Total Revenue

$10,039,782

Total Expenses

$6,992,075

Net Assets

$29,390,503

101 employees 65 volunteers

From latest filing (tax period ending 2023-12-31)

Financial Health

Operating Reserve

4.2 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 33.8%

Expenses ↑ 14.1%

Revenue Sources

Contributions 34.5% Earned revenue 15.1% Investment 19.2% Other 31.0%

Expense Breakdown

Program 62.9% Management 18.3% Fundraising 18.8%

Officers & Key Employees (39)

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Grants Received (33)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2023 Form 990	$10,039,782 ↑	$6,992,075	$29,390,503
2022 Form 990	$7,502,072 ↓	$6,129,529	$25,241,858
2021 Form 990	$8,102,292 ↑	$4,319,626	$27,727,289
2020 Form 990	$4,433,103 ↓	$3,949,121	$22,662,912
2019 Form 990	$6,142,569 ↓	$4,661,226	$20,390,824
2018 Form 990	$7,189,614	$3,848,890	$16,610,388