Early Ford V-8 Foundation Inc

Analysis

Early Ford V-8 Foundation Inc is a registered charity in United States, based in Auburn, IN. It received its IRS tax-exemption ruling in October 1993, 33 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, Early Ford V-8 Foundation Inc reported income of $460k and spending of $611k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $460k (-72%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 69%. Over the whole period it spent 42% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Early Ford V-8 Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IN. Charities of a similar size with the same main cause include River Raisin Watershed Council ($460k), Arts for Kids Inc ($460k) and Steamer Virginia V Foundation Inc ($460k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $78k (13% of expenses). Other salaries and wages came to $85k. At year end it held assets of $8.0m against liabilities of $2.0m, net assets of $6.1m. It reported 7 employees.