Aviation Heritage Park Inc
Aviation Heritage Park Inc consistently grows assets with minimal operational expenses and no executive compensation.
EIN: 202189926 · Bowling Green, KY · NTEE: A84 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $417K |
| Total Expenses | $80K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3.6 |
| Net Assets | $2.3M |
| Transparency Score | 90/100 |
Is Aviation Heritage Park Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Aviation Heritage Park Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Aviation Heritage Park Inc
Aviation Heritage Park Inc (EIN: 202189926) is a nonprofit organization based in Bowling Green, KY, classified under NTEE code A84. The organization reported total revenue of $417K and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aviation Heritage Park Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aviation Heritage Park Inc is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 18.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $633K |
| Total Expenses | $80K |
| Surplus / Deficit | +$553K |
| Total Assets | $2.9M |
| Total Liabilities | $595K |
| Net Assets | $2.3M |
| Operating Margin | 87.4% |
| Debt-to-Asset Ratio | 20.6% |
| Months of Reserves | 433.2 months |
Financial Health Grade: A
In 2022, Aviation Heritage Park Inc reported a surplus of $553K with revenue exceeding expenses, holds 433.2 months of operating reserves (strong position), has a debt-to-asset ratio of 20.6% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Aviation Heritage Park Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +46.8% | +25.9% | +62.6% |
| 2021 | -31.0% | -12.2% | +33.3% |
| 2020 | +354.5% | -18.9% | +70.6% |
| 2019 | -51.0% | +24.6% | +6.3% |
| 2018 | +249.9% | +21.3% | +38.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Aviation Heritage Park Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Aviation Heritage Park Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $553K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size with assets exceeding $3.6 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Aviation Heritage Park Inc's IRS 990 filings:
- Significant increase in liabilities in 2022 ($594,613 from $35,456 in 2021), which warrants further investigation into its nature.
- Low expense-to-revenue ratio could indicate a focus on asset accumulation over immediate program spending, or that program costs are largely non-monetary and not fully reflected in expenses.
Strengths
The following positive indicators were identified for Aviation Heritage Park Inc:
- Consistent and substantial asset growth over the past decade, from $480,265 in 2013 to $2,886,891 in 2022.
- Extremely low operational expenses relative to revenue, indicating high efficiency in managing overhead.
- Zero officer compensation reported across all filings, demonstrating a strong volunteer commitment at the executive level.
- Strong revenue generation in recent years, with peaks like $632,964 in 2022.
- Consistent IRS 990 filing history, indicating good transparency and compliance.
Frequently Asked Questions about Aviation Heritage Park Inc
Is Aviation Heritage Park Inc a legitimate charity?
Aviation Heritage Park Inc (EIN: 202189926) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $417K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Aviation Heritage Park Inc spend its money?
Aviation Heritage Park Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Aviation Heritage Park Inc tax-deductible?
Aviation Heritage Park Inc is registered as a tax-exempt nonprofit (EIN: 202189926). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Aviation Heritage Park Inc CEO make?
Aviation Heritage Park Inc's highest-compensated officer earns $3.6 annually. The organization reported $417K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Aviation Heritage Park Inc's spending goes to programs?
Aviation Heritage Park Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Aviation Heritage Park Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Aviation Heritage Park Inc is above average for NTEE category A84 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Aviation Heritage Park Inc located?
Aviation Heritage Park Inc is headquartered in Bowling Green, Kentucky and files with the IRS under EIN 202189926. It is classified under NTEE code A84.
How many years of IRS 990 filings does Aviation Heritage Park Inc have?
Aviation Heritage Park Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $417K in total revenue.
Is Aviation Heritage Park Inc a good charity?
Based on its financial data, Aviation Heritage Park Inc appears to be a very well-managed charity. It has consistently grown its assets, maintains extremely low operational expenses, and operates with a volunteer executive team, indicating strong financial stewardship and a commitment to its mission without high administrative overhead.
How does Aviation Heritage Park Inc use its funds?
The organization primarily uses its funds to acquire and maintain assets, likely related to its park and aviation exhibits, as evidenced by its significant asset growth from $480,265 in 2013 to $2,886,891 in 2022, while keeping annual expenses very low (e.g., $79,964 in 2022 against $632,964 in revenue).
What is the trend in Aviation Heritage Park Inc's financial health?
Aviation Heritage Park Inc shows a strong upward trend in financial health, with consistent asset growth and generally increasing revenue over the past decade. Its liabilities have remained relatively low compared to its assets, indicating a stable financial position, though there was a notable increase in liabilities to $594,613 in 2022.
Filing History
IRS 990 filing history for Aviation Heritage Park Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Aviation Heritage Park Inc's revenue has grown by 526.3%, moving from $101K to $633K. Total assets increased by 530% over the same period, from $458K to $2.9M. Total functional expenses rose by 32.9%, from $60K to $80K. In its most recent filing year (2022), Aviation Heritage Park Inc reported a surplus of $553K, with revenue exceeding expenses. The organization holds $595K in liabilities against $2.9M in assets (debt-to-asset ratio: 20.6%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $633K | $80K | $2.9M | $595K | — | View 990 |
| 2021 | $431K | $64K | $1.8M | $35K | — | View 990 |
| 2020 | $625K | $72K | $1.3M | $1K | — | View 990 |
| 2019 | $137K | $89K | $781K | $1K | — | View 990 |
| 2018 | $281K | $72K | $734K | $923 | — | View 990 |
| 2017 | $80K | $59K | $529K | $11K | — | View 990 |
| 2016 | $94K | $84K | $512K | $15K | — | View 990 |
| 2015 | $75K | $69K | $487K | $337 | — | View 990 |
| 2014 | $71K | $70K | $481K | $339 | — | View 990 |
| 2013 | $74K | $55K | $480K | $0 | — | View 990 |
| 2012 | $75K | $73K | $461K | $0 | — | View 990 |
| 2011 | $101K | $60K | $458K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $633K, expenses of $80K, and assets of $2.9M (revenue +46.8% year-over-year).
- 2021: Revenue of $431K, expenses of $64K, and assets of $1.8M (revenue -31.0% year-over-year).
- 2020: Revenue of $625K, expenses of $72K, and assets of $1.3M (revenue +354.5% year-over-year).
- 2019: Revenue of $137K, expenses of $89K, and assets of $781K (revenue -51.0% year-over-year).
- 2018: Revenue of $281K, expenses of $72K, and assets of $734K (revenue +249.9% year-over-year).
- 2017: Revenue of $80K, expenses of $59K, and assets of $529K (revenue -14.6% year-over-year).
- 2016: Revenue of $94K, expenses of $84K, and assets of $512K (revenue +24.7% year-over-year).
- 2015: Revenue of $75K, expenses of $69K, and assets of $487K (revenue +6.6% year-over-year).
- 2014: Revenue of $71K, expenses of $70K, and assets of $481K (revenue -5.0% year-over-year).
- 2013: Revenue of $74K, expenses of $55K, and assets of $480K (revenue -1.2% year-over-year).
- 2012: Revenue of $75K, expenses of $73K, and assets of $461K (revenue -25.5% year-over-year).
- 2011: Revenue of $101K, expenses of $60K, and assets of $458K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aviation Heritage Park Inc:
Data Sources and Methodology
This transparency report for Aviation Heritage Park Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.