Edge Motor Museum Inc

Analysis

Edge Motor Museum Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 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, Edge Motor Museum Inc reported income of $501k and spending of $425k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $374k to $501k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Edge Motor Museum Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within TN. Charities of a similar size with the same main cause include Augusta Mini Theatre Inc ($501k), A Public Space Literary Projects Inc ($501k) and Hope Alive Incorporated ($500k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $85k (20% of expenses). Other salaries and wages came to $43k. At year end it held assets of $568k against liabilities of $12k, net assets of $556k. It reported 7 employees.