Cars V Inc

Analysis

Cars V Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in August 1989, 37 years ago. 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 June 2024, Cars V Inc reported income of $73k and spending of $70k, spending 96% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $72k to $73k (+1.1%), an average of +1.1% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cars V Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within GA. Charities of a similar size with the same main cause include Spina Bifida of Greater St Louis Inc ($73k), Lutheran Child & Family Service Auxiliary - Bay Chapter ($73k) and PTA California Congress of Parentsteachers Students Inc ($73k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $55k against liabilities of $84k, net assets of -$29k.