Lathrop Antique Car Tractor & Engine Association

Analysis

Lathrop Antique Car Tractor & Engine Association is a registered charity in United States, based in Lathrop, MO. It received its IRS tax-exemption ruling in July 1995, 31 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, Lathrop Antique Car Tractor & Engine Association reported income of $74k and spending of $108k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $191k to $74k (-61%), an average of -21% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lathrop Antique Car Tractor & Engine Association sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within MO. Charities of a similar size with the same main cause include Gateway City Live Org Inc ($74k), American Chinese Culture Association ($74k) and Joy of Giving ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 16% of the total. At year end it held assets of $443k against liabilities of $0, net assets of $443k.