Mack Trucks Historical Museum

Analysis

Mack Trucks Historical Museum is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in October 1986, 40 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, Mack Trucks Historical Museum reported income of $225k and spending of $250k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $316k to $225k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mack Trucks Historical Museum sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include Telugu Assoc of Greater Chicago ($225k), Niagara Celtic Heritage Society Inc ($225k) and Kaleido Incorporated ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $123k. At year end it held assets of $138k against liabilities of $0, net assets of $138k.

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.