Cruisin Morro Bay Car Show Inc

Analysis

Cruisin Morro Bay Car Show Inc is a registered charity in United States, based in Morro Bay, CA. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cruisin Morro Bay Car Show Inc reported income of $51k and spending of $46k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4,997 to $51k (+911%), an average of +78% a year. The sharpest change came in the year to December 2022, when income rose by 2324%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cruisin Morro Bay Car Show Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within CA. Charities of a similar size with the same main cause include Huruma International Ministries ($51k), Central Nassau County Rotary Foundation Inc ($51k) and Northside High School Boosters Club ($51k).

At year end it held assets of $24k against liabilities of $0, net assets of $24k.