Museum of the Horseless Carriage

Analysis

Museum of the Horseless Carriage is a registered charity in United States, based in Hickory CRNRS, MI. It received its IRS tax-exemption ruling in May 2020, 6 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, Museum of the Horseless Carriage reported income of $51k and spending of $26k, leaving 49% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $243k to $51k (-79%), an average of -54% a year. The sharpest change came in the year to December 2022, when income dropped by 62%. Over the whole period it spent 28% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of the Horseless Carriage sits at the 23rd 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 19th percentile within MI. Charities of a similar size with the same main cause include John J Garbarino & Adrienne Houssiere Garbarino Memorial TR 4 ($51k), Lexington County Choral Society ($51k) and Simbios Art Corp ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $544k against liabilities of $0, net assets of $544k.