Historic Automobile Preservation Entity

Analysis

Historic Automobile Preservation Entity is a registered charity in United States, based in El Segundo, CA. It received its IRS tax-exemption ruling in December 2013, 13 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Historic Automobile Preservation Entity reported income of $75k and spending of $107k, spending 142% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $260k to $75k (-71%), an average of -34% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Automobile Preservation Entity sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include Cheyenne Elders Council Inc ($75k), West Liberty Heritage Foundation ($75k) and North Side Cultural Collaborativeinc ($75k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.