Hagerstown Aviation Museum Inc
Hagerstown Aviation Museum Inc. shows strong asset growth and zero executive compensation, with fluctuating but substantial revenues.
EIN: 202822392 · Hagerstown, MD · NTEE: A50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $668K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $8.0M |
| Transparency Score | 90/100 |
Is Hagerstown Aviation Museum Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hagerstown Aviation Museum Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hagerstown Aviation Museum Inc
Hagerstown Aviation Museum Inc (EIN: 202822392) is a nonprofit organization based in Hagerstown, MD, classified under NTEE code A50. The organization reported total revenue of $1.0M and total assets of $8.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hagerstown Aviation Museum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hagerstown Aviation Museum Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 34.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $668K |
| Surplus / Deficit | +$1.1M |
| Total Assets | $8.0M |
| Total Liabilities | $14K |
| Net Assets | $8.0M |
| Operating Margin | 61.9% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 143.4 months |
Financial Health Grade: A
In 2023, Hagerstown Aviation Museum Inc reported a surplus of $1.1M with revenue exceeding expenses, holds 143.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hagerstown Aviation Museum Inc's revenue has grown at a compound annual growth rate (CAGR) of 34.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -67.0% | +8.8% | +15.3% |
| 2022 | +410.5% | +94.9% | +212.9% |
| 2021 | +379.2% | +147.0% | +49.0% |
| 2020 | -50.9% | -26.7% | +6.4% |
| 2019 | +666.4% | +96.2% | +28.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Hagerstown Aviation Museum 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hagerstown Aviation Museum Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.2%.
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 nearing $8 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.
Strengths
The following positive indicators were identified for Hagerstown Aviation Museum Inc:
- Consistent zero officer compensation, indicating volunteer leadership.
- Significant asset growth from $1,484,736 in 2020 to $7,979,778 in 2023.
- Expenses consistently well below revenue, demonstrating strong financial management.
- Low liabilities relative to assets (e.g., $14,285 liabilities vs. $7,979,778 assets in 2023).
Frequently Asked Questions about Hagerstown Aviation Museum Inc
Is Hagerstown Aviation Museum Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hagerstown Aviation Museum Inc (EIN: 202822392) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Hagerstown Aviation Museum Inc spend its money?
Hagerstown Aviation Museum Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hagerstown Aviation Museum Inc tax-deductible?
Hagerstown Aviation Museum Inc is registered as a tax-exempt nonprofit (EIN: 202822392). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hagerstown Aviation Museum Inc CEO make?
Hagerstown Aviation Museum Inc's highest-compensated officer earns $8 annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hagerstown Aviation Museum Inc's spending goes to programs?
Hagerstown Aviation Museum Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hagerstown Aviation Museum Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Hagerstown Aviation Museum Inc is above average for NTEE category A50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hagerstown Aviation Museum Inc located?
Hagerstown Aviation Museum Inc is headquartered in Hagerstown, Maryland and files with the IRS under EIN 202822392. It is classified under NTEE code A50.
How many years of IRS 990 filings does Hagerstown Aviation Museum Inc have?
Hagerstown Aviation Museum Inc has 13 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 $1.0M in total revenue.
Is Hagerstown Aviation Museum Inc. a good charity?
Based on the provided data, the Hagerstown Aviation Museum Inc. appears to be a very good charity. It has demonstrated significant asset growth, maintains zero officer compensation, and consistently manages expenses well below its revenue, indicating strong financial stewardship and a focus on its mission.
How has the organization's financial health changed over time?
The organization's financial health has dramatically improved, especially since 2020. Assets grew from $1,484,736 in 2020 to $7,979,778 in 2023, and revenues have seen substantial increases, particularly in 2022 ($5,319,963) and 2023 ($1,755,142), indicating successful fundraising and financial management.
What is the significance of 0% officer compensation?
Zero officer compensation is a significant strength, as it means that all leadership roles are filled by volunteers. This practice ensures that a greater proportion of the organization's revenue and assets can be directly applied to its mission, rather than administrative salaries, enhancing its efficiency and public trust.
Filing History
IRS 990 filing history for Hagerstown Aviation Museum Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hagerstown Aviation Museum Inc's revenue has grown by 3356.5%, moving from $51K to $1.8M. Total assets increased by 760% over the same period, from $928K to $8.0M. Total functional expenses rose by 2250.9%, from $28K to $668K. In its most recent filing year (2023), Hagerstown Aviation Museum Inc reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $14K in liabilities against $8.0M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $8.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $668K | $8.0M | $14K | — | — |
| 2022 | $5.3M | $614K | $6.9M | $42K | — | View 990 |
| 2021 | $1.0M | $315K | $2.2M | $40K | — | View 990 |
| 2020 | $217K | $127K | $1.5M | $40K | — | — |
| 2019 | $443K | $174K | $1.4M | $40K | — | View 990 |
| 2018 | $58K | $89K | $1.1M | $0 | — | View 990 |
| 2017 | $39K | $55K | $1.1M | $0 | — | View 990 |
| 2016 | $48K | $54K | $1.1M | $10K | — | View 990 |
| 2015 | $155K | $96K | $1.1M | $0 | — | View 990 |
| 2014 | $106K | $59K | $1.1M | $0 | — | View 990 |
| 2013 | $147K | $60K | $1.0M | $15K | — | View 990 |
| 2012 | $43K | $26K | $975K | $30K | — | View 990 |
| 2011 | $51K | $28K | $928K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $668K, and assets of $8.0M (revenue -67.0% year-over-year).
- 2022: Revenue of $5.3M, expenses of $614K, and assets of $6.9M (revenue +410.5% year-over-year).
- 2021: Revenue of $1.0M, expenses of $315K, and assets of $2.2M (revenue +379.2% year-over-year).
- 2020: Revenue of $217K, expenses of $127K, and assets of $1.5M (revenue -50.9% year-over-year).
- 2019: Revenue of $443K, expenses of $174K, and assets of $1.4M (revenue +666.4% year-over-year).
- 2018: Revenue of $58K, expenses of $89K, and assets of $1.1M (revenue +47.9% year-over-year).
- 2017: Revenue of $39K, expenses of $55K, and assets of $1.1M (revenue -19.4% year-over-year).
- 2016: Revenue of $48K, expenses of $54K, and assets of $1.1M (revenue -68.8% year-over-year).
- 2015: Revenue of $155K, expenses of $96K, and assets of $1.1M (revenue +46.1% year-over-year).
- 2014: Revenue of $106K, expenses of $59K, and assets of $1.1M (revenue -28.0% year-over-year).
- 2013: Revenue of $147K, expenses of $60K, and assets of $1.0M (revenue +241.7% year-over-year).
- 2012: Revenue of $43K, expenses of $26K, and assets of $975K (revenue -15.1% year-over-year).
- 2011: Revenue of $51K, expenses of $28K, and assets of $928K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hagerstown Aviation Museum Inc:
Data Sources and Methodology
This transparency report for Hagerstown Aviation Museum 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.