Hot Rods Garage Senior Sanctuary

Analysis

Hot Rods Garage Senior Sanctuary is a registered charity in United States, based in Big Rock, TN. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Hot Rods Garage Senior Sanctuary reported income of $51k and spending of $52k, spending 103% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $66k to $51k (-23%), an average of -8.4% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 132% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Hot Rods Garage Senior Sanctuary sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within TN. Charities of a similar size with the same main cause include Pawsitively Famous Inc ($51k), Bordentown City Cats Inc ($51k) and South Bay Cats ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $830 against liabilities of $66k, net assets of -$65k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.