Charity Motors Inc

Analysis

Charity Motors Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in July 1996, 30 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 (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, Charity Motors Inc reported income of $496k and spending of $996k, spending 201% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.2m to $496k (-90%), an average of -44% a year. The sharpest change came in the year to December 2022, when income dropped by 72%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Charity Motors Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Ruth a Elmore Trust ($496k), International Society for Fluorescence Guided Surgery Inc ($496k) and Or Emuna USA Inc ($496k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $80k (8.0% of expenses). Other salaries and wages came to $268k. At year end it held assets of $1.7m against liabilities of $2.8m, net assets of -$1.1m. It reported 8 employees.