Wheels O Time Museum

Analysis

Wheels O Time Museum is a registered charity in United States, based in Dunlap, IL. It received its IRS tax-exemption ruling in July 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Wheels O Time Museum reported income of $401k and spending of $289k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $274k to $401k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2020, when income rose by 204%. Over the whole period it spent 43% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wheels O Time Museum sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within IL. Charities of a similar size with the same main cause include Shaker Bridge Theatre Inc ($401k), Alabama Values ($401k) and Visart Inc ($401k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $40k (14% of expenses). Other salaries and wages came to $24k. At year end it held assets of $1.8m against liabilities of $1,984, net assets of $1.8m. It reported 5 employees.