Wheels Museum

Analysis

Wheels Museum is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in July 1999, 27 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 June 2024, Wheels Museum reported income of $101k and spending of $35k, leaving 66% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $83k to $101k (+21%), an average of +22% a year. The sharpest change came in the year to June 2024, when income rose by 21%. Over the whole period it spent 41% 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 Museum sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 33rd percentile within NM. Charities of a similar size with the same main cause include North Myrtle Beach Area Historical Museum ($101k), Hollywood Japanese Cultural Institute ($101k) and Atlantean Gardens ($101k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 44% of the total. At year end it held assets of $232k against liabilities of $0, net assets of $232k.