Northeast Classic Car Museum Inc

Analysis

Northeast Classic Car Museum Inc is a registered charity in United States, based in Norwich, NY. It received its IRS tax-exemption ruling in July 1998, 28 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 December 2023, Northeast Classic Car Museum Inc reported income of $599k and spending of $656k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $567k to $599k (+5.6%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 197%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northeast Classic Car Museum Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include The Music Academy Foundation Inc ($599k), Spark Central ($599k) and Area Agencies on Aging Association of Michigan ($599k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.2% and program service revenue 24% of the total. Other salaries and wages came to $222k. At year end it held assets of $7.1m against liabilities of $21k, net assets of $7.1m.