Is Western Antique Aeroplane Andautomobile Museum Legit?

The Western Antique Aeroplane And Automobile Museum demonstrates a generally healthy financial position, with consistent revenue generation and asset growth over the past decade. In the latest filing period (202312), the organization reported revenues of $1,499,185 against expenses of $692,948, indicating a significant surplus. This trend of revenue exceeding expenses is largely consistent across most years, contributing to a steady increase in assets from $1,613,831 in 2014 to $7,903,064 in 2023. The museum's liabilities have remained relatively low compared to its assets, suggesting good financial management and solvency. Spending efficiency appears strong, particularly in the most recent period where expenses were less than half of the revenue. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial health suggests that the organization is effectively managing its resources. The consistent growth in assets, coupled with positive net income in most years, indicates a sustainable operational model. Transparency is positively impacted by the consistent filing of IRS 990 forms, with 14 filings available. A notable aspect is the reported 0% officer compensation across all available filings, which suggests that the organization's leadership may be volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, or that compensation is very low. This could be a strong indicator of efficient use of funds, though further detail on total compensation for key employees would provide a more complete picture.