Model-T Automotive Heritage Complex Inc

Analysis

Model-T Automotive Heritage Complex Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in November 1999, 27 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, Model-T Automotive Heritage Complex Inc reported income of $1.4m and spending of $889k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $869k to $1.4m (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 249%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Model-T Automotive Heritage Complex Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Adult & Teen Challenge of Sandhills North Carolina ($1.4m), Maine Humanities Council ($1.4m) and Houston Media Source Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $146k (16% of expenses). Other salaries and wages came to $273k. At year end it held assets of $4.5m against liabilities of $156k, net assets of $4.3m. It reported 28 employees.