Tri-Motor Heritage Foundation

Analysis

Tri-Motor Heritage Foundation is a registered charity in United States, based in Port Clinton, OH. It received its IRS tax-exemption ruling in February 2010, 16 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, Tri-Motor Heritage Foundation reported income of $169k and spending of $43k, leaving 75% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $80k to $169k (+112%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 46% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tri-Motor Heritage Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include Musical Merit Foundation of Greater San Diego ($169k), North Fort Worth Historical Society ($169k) and Act Out Theatre Company ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $30k (70% of expenses). At year end it held assets of $509k against liabilities of $0, net assets of $509k.