Highways Inc

Analysis

Highways Inc is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in March 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Highways Inc reported income of $365k and spending of $325k, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $227k to $365k (+61%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Highways Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Farrington Historical Foundation ($365k), Carousel of Happiness Inc ($365k) and Community Museum Society Inc ($365k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $103k (32% of expenses). At year end it held assets of $92k against liabilities of $92k, net assets of $400. It reported 2 employees.