Classic Car Club of America Educational Foundation

Analysis

Classic Car Club of America Educational Foundation is a registered charity in United States, based in Rolling MDWS, IL. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Classic Car Club of America Educational Foundation reported income of $118k and spending of $68k, leaving 42% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $273k to $118k (-57%), an average of -34% a year. The sharpest change came in the year to December 2023, when income rose by 176%. Over the whole period it spent 27% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Classic Car Club of America Educational Foundation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within IL. Charities of a similar size with the same main cause include Adobe Bluffs Educational Foundation ($118k), Georgia Association for Nursing Education Inc ($119k) and Wadsworth Band Boosters Club ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 63% of the total. At year end it held assets of $497k against liabilities of $182, net assets of $497k.