Studebaker National Museum Foundation Inc

Analysis

Studebaker National Museum Foundation Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in March 2009, 17 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Studebaker National Museum Foundation Inc reported income of $53k and spending of $5,579, leaving 89% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $151k to $53k (-65%), an average of -23% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 4.9% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Studebaker National Museum Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within IN. Charities of a similar size with the same main cause include Heritage Signature Chorale ($53k), Quitman Brooks County Historical Museum & Cultural Center Inc ($53k) and Artwalk Presents ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.