Americas Automotive Trust

Analysis

Americas Automotive Trust is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in March 2018, 8 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, Americas Automotive Trust reported income of $3.0m and spending of $3.8m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.0m (+65%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Americas Automotive Trust sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Community Enterprises Corporation ($3.0m), The Rutherford B Hayes Presidential Library and Museums ($3.0m) and Philadelphia Theatre Company ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $453k (12% of expenses). Other salaries and wages came to $946k. At year end it held assets of $941k against liabilities of $3.0m, net assets of -$2.0m.