Car Donation Foundation

Analysis

Car Donation Foundation is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in May 2009, 17 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, Car Donation Foundation reported income of $52.9m and spending of $52.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $41.3m to $52.9m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Car Donation Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Vermont Community Foundation ($52.8m), Community Foundation of Jackson Hole ($53.1m) and Fiduciary Charitable Foundation ($52.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 116% of the total. Compensation of current officers, directors and key employees was $280k (0.5% of expenses). It paid $12.5m in professional fundraising fees. At year end it held assets of $11.7m against liabilities of $4.2m, net assets of $7.5m. It reported 1 employees.