Heartland Museum of Military Vehicles

Analysis

Heartland Museum of Military Vehicles is a registered charity in United States, based in Lexington, NE. It received its IRS tax-exemption ruling in May 1989, 37 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, Heartland Museum of Military Vehicles reported income of $75k and spending of $100k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $118k to $75k (-37%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 67%. Over the whole period it spent 124% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heartland Museum of Military Vehicles sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within NE. Charities of a similar size with the same main cause include Hopefull Collective Inc ($75k), Roycrofters-At-Large-Association ($75k) and Pinal County Veterans Memorial Foundation ($75k).

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 $11k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 1 employees.

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.