Nhra Motorsports Museum

Analysis

Nhra Motorsports Museum is a registered charity in United States, based in San Dimas, CA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. 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, Nhra Motorsports Museum reported income of $1.3m and spending of $1.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.3m (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2021, when income rose by 223%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nhra Motorsports Museum sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Volunteer Fire Department of Seymour ($1.3m), Tranquillity Camp Inc ($1.3m) and New School of Berkeley ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $46k (3.5% of expenses). Other salaries and wages came to $244k. At year end it held assets of $2.6m against liabilities of $430k, net assets of $2.2m. It reported 7 employees.