Friends of the Cable Car Museum Inc

Analysis

Friends of the Cable Car Museum Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 1994, 32 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 March 2023, Friends of the Cable Car Museum Inc reported income of $177k and spending of $251k, spending 142% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income fell from $285k to $177k (-38%), an average of -11% a year. The sharpest change came in the year to March 2022, when income rose by 742342%. Over the whole period it spent 130% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Cable Car Museum Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Iron County Historical and Museum Society ($177k), Cavani String Quartet ($177k) and Women Shoah-Jewish Placemaking ($177k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 5.2% of the total. Compensation of current officers, directors and key employees was $64k (25% of expenses). Other salaries and wages came to $78k. At year end it held assets of $697k against liabilities of $4,886, net assets of $692k. It reported 5 employees.

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.