Classic Car Collection

Analysis

Classic Car Collection is a registered charity in United States, based in Kearney, NE. It received its IRS tax-exemption ruling in June 2012, 14 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 June 2024, Classic Car Collection reported income of $110k and spending of $113k, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $43k to $110k (+156%), an average of +26% a year. The sharpest change came in the year to June 2021, when income dropped by 2506%. Over the whole period it spent -217% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Classic Car Collection sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NE. Charities of a similar size with the same main cause include SLTCC Landmark Friends Inc ($110k), Blackhawk Band Boosters ($110k) and Iskwelahang Pilipino Inc ($110k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 43% of the total. Other salaries and wages came to $11k. At year end it held assets of $243k against liabilities of $19k, net assets of $224k. It reported 5 employees.