New England Motorcycle Museum Inc

Analysis

New England Motorcycle Museum Inc is a registered charity in United States, based in Vernon Rockville, CT. It received its IRS tax-exemption ruling in August 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, New England Motorcycle Museum Inc reported income of $51k and spending of $63k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $911k to $51k (-94%), an average of -51% a year. The sharpest change came in the year to December 2022, when income rose by 176%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New England Motorcycle Museum Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within CT. Charities of a similar size with the same main cause include Friends of the Marengo Big Springs Old Town Church ($51k), Theater 2020 Inc ($51k) and Portland Open Studios ($51k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $272k against liabilities of $58k, net assets of $214k.

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.