Wheels Through Time Museum Inc

Analysis

Wheels Through Time Museum Inc is a registered charity in United States, based in Maggie Valley, NC. It received its IRS tax-exemption ruling in February 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wheels Through Time Museum Inc reported income of $3.0m and spending of $1.8m, leaving 38% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $2.8m to $3.0m (+8.1%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wheels Through Time Museum Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Orlando Museum of Art Inc ($3.0m), World Arts Focus ($3.0m) and Days of 47 Rodeo Salt Lake ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $331k (18% of expenses). Other salaries and wages came to $452k. At year end it held assets of $10.0m against liabilities of $2.0m, net assets of $8.0m. It reported 15 employees.