Audrain Automobile Museum Inc

Analysis

Audrain Automobile Museum Inc is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in March 2015, 11 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, Audrain Automobile Museum Inc reported income of $2.6m and spending of $1.8m, leaving 31% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.2m to $2.6m (+119%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 174%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Audrain Automobile Museum Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within RI. Charities of a similar size with the same main cause include Real Art Ways Inc ($2.6m), Kalamazoo Symphony Orchestra ($2.6m) and Skylands Performing Arts Center Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 145% and program service revenue 13% of the total. Other salaries and wages came to $390k. At year end it held assets of $3.8m against liabilities of $2.7m, net assets of $1.2m. It reported 14 employees.