Cultural Awareness Corvette Weekend

Analysis

Cultural Awareness Corvette Weekend is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 2021, 5 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, Cultural Awareness Corvette Weekend reported income of $157k and spending of $134k, spending 85% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $66k to $157k (+140%), an average of +55% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultural Awareness Corvette Weekend sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within IN. Charities of a similar size with the same main cause include International Cryosphere Climate Initiative ($157k), Change 4 Love ($157k) and White Pass Country Historicalsociety ($157k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.