California Vehicle Foundation

Analysis

California Vehicle Foundation is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in October 1983, 43 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 December 2023, California Vehicle Foundation reported income of $954k and spending of $827k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $878k to $954k (+8.6%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 222%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, California Vehicle Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Art Museum of Southeast Texas ($954k), Crosshatch Center for Art and Ecology ($954k) and Root Division ($953k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $122k (15% of expenses). Other salaries and wages came to $285k. At year end it held assets of $4.7m against liabilities of $220k, net assets of $4.5m.