Fort Smith Street Car Restoration Association Inc

Analysis

Fort Smith Street Car Restoration Association Inc is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in July 1980, 46 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, Fort Smith Street Car Restoration Association Inc reported income of $51k and spending of $60k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $94k to $51k (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 149%. Over the whole period it spent 112% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fort Smith Street Car Restoration Association 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 AR. Charities of a similar size with the same main cause include Starstruck Theatre Inc ($51k), Little Opera ($51k) and Ragamuffin Theatre & Company Inc ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 15% of the total. At year end it held assets of $1.1m against liabilities of $73k, net assets of $1.1m.