Nevada Automobile Museum

Analysis

Nevada Automobile Museum is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in November 2004, 22 years ago. 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 June 2024, Nevada Automobile Museum reported income of $96k and spending of $123k, spending 129% of what it took in. Across the 4 years on record, from June 2020 to June 2024, income fell from $251k to $96k (-62%), an average of -28% a year. The sharpest change came in the year to June 2024, when income rose by 294%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nevada Automobile Museum sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within NV. Charities of a similar size with the same main cause include Greater Hartford Chamber of Commerce Foundation Inc ($96k), Mission Viejo High School Instrumental Music Boosters Associ ($96k) and Camp Joy ($95k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% of the total. At year end it held assets of $3.6m against liabilities of $0, net assets of $3.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.