Cars for Charities Co

Analysis

Cars for Charities Co is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in August 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cars for Charities Co reported income of $127k and spending of $155k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $129k to $127k (-1.0%), an average of -0.2% a year. The sharpest change came in the year to December 2020, when income rose by 70%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cars for Charities Co sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within KS. Charities of a similar size with the same main cause include Matthew Foster Foundation ($127k), Arco Murray Charitable Corporation ($127k) and The McLaughlin Charitable Foundation Inc ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.