Classic Motor Museum of St Michaels Inc

Analysis

Classic Motor Museum of St Michaels Inc is a registered charity in United States, based in St Michaels, MD. It received its IRS tax-exemption ruling in November 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Classic Motor Museum of St Michaels Inc reported income of $422k and spending of $217k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $278k to $422k (+52%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 57% 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 Motor Museum of St Michaels Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MD. Charities of a similar size with the same main cause include Sudbury Access Corporation ($422k), Mid-Atlantic Symphony Orchestra Society Inc ($422k) and Theater Alliance of Washington DC ($422k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 4.6% of the total. Other salaries and wages came to $26k. At year end it held assets of $1.6m against liabilities of $2,234, net assets of $1.6m. It reported 3 employees.