Horseless Carriage Foundation Inc

Analysis

Horseless Carriage Foundation Inc is a registered charity in United States, based in LA Mesa, CA. It received its IRS tax-exemption ruling in July 1985, 41 years ago. 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, Horseless Carriage Foundation Inc reported income of $113k and spending of $128k, spending 113% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $89k to $113k (+28%), an average of +5.0% a year. The sharpest change came in the year to December 2023, when income rose by 251%. Over the whole period it spent 155% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Horseless Carriage Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Owasso Rams Track & Cross Country Booster Club Inc ($113k), Pomona Valley Art Association Inc ($113k) and Rock Hill Area Chamber of Commerce Foundation ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $72k. At year end it held assets of $949k against liabilities of $1,674, net assets of $947k. It reported 2 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.