Classic Car Club Of America Museum Inc
Classic Car Club Of America Museum Inc: Strong Asset Growth, Volatile Revenue
EIN: 222416022 · Hickory Crnrs, MI · NTEE: A500 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $457K |
| Program Spending | 80% |
| Net Assets | $10.3M |
| Transparency Score | 75/100 |
Is Classic Car Club Of America Museum Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Classic Car Club Of America Museum Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Classic Car Club Of America Museum Inc
Classic Car Club Of America Museum Inc (EIN: 222416022) is a nonprofit organization based in Hickory Crnrs, MI, classified under NTEE code A500. The organization reported total revenue of $1.6M and total assets of $11.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Classic Car Club Of America Museum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Classic Car Club Of America Museum Inc is a mid-size nonprofit that has been operating for 44 years, with 15 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $379K |
| Total Expenses | $457K |
| Surplus / Deficit | $-77,714 |
| Total Assets | $11.3M |
| Total Liabilities | $1.0M |
| Net Assets | $10.3M |
| Operating Margin | -20.5% |
| Debt-to-Asset Ratio | 8.9% |
| Months of Reserves | 297.4 months |
Financial Health Grade: B
In 2023, Classic Car Club Of America Museum Inc reported a deficit of $78K with expenses exceeding revenue, holds 297.4 months of operating reserves (strong position), has a debt-to-asset ratio of 8.9% (very low leverage).
Financial Trends
Over 15 years of filings (2010–2023), Classic Car Club Of America Museum Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.0% | +12.3% | +18.5% |
| 2022 | -69.4% | +16.3% | -13.5% |
| 2021 | +23.0% | +17.6% | +21.2% |
| 2020 | +447.1% | -1.6% | +26.7% |
| 2019 | -20.3% | +7.5% | +13.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Classic Car Club Of America Museum Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Classic Car Club Of America Museum Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $78K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.9%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as specific figures for individual compensation are not included in the summary.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Classic Car Club Of America Museum Inc's IRS 990 filings:
- Revenue has been highly volatile, ranging from $248,380 in 2019 to $1,671,914 in 2021, which could impact long-term financial stability.
- The provided data does not include specific executive compensation figures, making it impossible to assess reasonableness.
Strengths
The following positive indicators were identified for Classic Car Club Of America Museum Inc:
- Consistent asset growth from $5,659,230 in 2017 to $11,319,236 in 2023 indicates strong financial management and donor confidence.
- Low liability figures across most years suggest a healthy balance sheet and minimal debt burden.
- The organization consistently reports 0% lobbying, indicating a clear focus on its mission rather than political influence.
Frequently Asked Questions about Classic Car Club Of America Museum Inc
Is Classic Car Club Of America Museum Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Classic Car Club Of America Museum Inc (EIN: 222416022) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Classic Car Club Of America Museum Inc spend its money?
Classic Car Club Of America Museum Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Classic Car Club Of America Museum Inc tax-deductible?
Classic Car Club Of America Museum Inc is registered as a tax-exempt nonprofit (EIN: 222416022). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Classic Car Club Of America Museum Inc's spending goes to programs?
Classic Car Club Of America Museum Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Classic Car Club Of America Museum Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Classic Car Club Of America Museum Inc is above average for NTEE category A500 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Classic Car Club Of America Museum Inc located?
Classic Car Club Of America Museum Inc is headquartered in Hickory Crnrs, Michigan and files with the IRS under EIN 222416022. It is classified under NTEE code A500.
How many years of IRS 990 filings does Classic Car Club Of America Museum Inc have?
Classic Car Club Of America Museum Inc has 15 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.6M in total revenue.
What does Classic Car Club Of America Museum Inc do?
Classic Car Club Of America Museum Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Hickory Crnrs, Michigan. It is classified under NTEE code A500.
How much revenue does Classic Car Club Of America Museum Inc have?
Classic Car Club Of America Museum Inc reported total revenue of $1,580,568. Based on 15 IRS 990 filings on record.
What are Classic Car Club Of America Museum Inc's total assets?
Classic Car Club Of America Museum Inc holds total assets of $11,683,869 as reported in IRS 990 filings.
Where is Classic Car Club Of America Museum Inc located?
Classic Car Club Of America Museum Inc is based in Hickory Crnrs, Michigan.
What is Classic Car Club Of America Museum Inc's EIN?
Classic Car Club Of America Museum Inc's Employer Identification Number (EIN) is 222416022. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Classic Car Club Of America Museum Inc?
Classic Car Club Of America Museum Inc is classified under NTEE code A500 (Arts, Culture & Humanities).
Is Classic Car Club Of America Museum Inc a registered 501(c)(3)?
Yes, Classic Car Club Of America Museum Inc is recognized as a tax-exempt organization by the IRS. EIN: 222416022.
Does Classic Car Club Of America Museum Inc file IRS Form 990?
Yes, Classic Car Club Of America Museum Inc has 15 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Classic Car Club Of America Museum Inc's revenue in 2023?
In the 202312 filing period, Classic Car Club Of America Museum Inc reported total revenue of $379,086, total expenses of $456,800, and net assets of $11,319,236.
Is Classic Car Club Of America Museum Inc's revenue growing or declining?
Classic Car Club Of America Museum Inc's revenue is declining. Revenue went from $512,302 (202212) to $379,086 (202312), a -26.0% change. Based on 15 filings on record.
What is Classic Car Club Of America Museum Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Classic Car Club Of America Museum Inc covers tax period 202312. It shows revenue of $379,086, expenses of $456,800, total assets of $11,319,236, and liabilities of $1,008,293.
How much does Classic Car Club Of America Museum Inc spend on programs vs administration?
Based on IRS 990 analysis, Classic Car Club Of America Museum Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Classic Car Club Of America Museum Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Classic Car Club Of America Museum Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Classic Car Club Of America Museum Inc?
The following concerns were identified: Revenue has been highly volatile, ranging from $248,380 in 2019 to $1,671,914 in 2021, which could impact long-term financial stability.. The provided data does not include specific executive compensation figures, making it impossible to assess reasonableness.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Classic Car Club Of America Museum Inc's strengths?
Positive indicators for Classic Car Club Of America Museum Inc include: Consistent asset growth from $5,659,230 in 2017 to $11,319,236 in 2023 indicates strong financial management and donor confidence.. Low liability figures across most years suggest a healthy balance sheet and minimal debt burden.. The organization consistently reports 0% lobbying, indicating a clear focus on its mission rather than political influence.. These findings are derived from AI analysis of the organization's financial filings.
How does Classic Car Club Of America Museum Inc compensate executives?
Executive compensation cannot be assessed from the provided data, as specific figures for individual compensation are not included in the summary. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the significant revenue spike in 2021 ($1,671,914) compared to other years, and how sustainable are these revenue streams?
The provided data does not specify the sources of revenue, but such a large spike suggests a major donation, successful fundraising event, or a significant grant. Understanding the nature of this revenue is crucial for assessing its sustainability.
Given the substantial asset growth, how is the museum leveraging these assets to further its mission, and what is the strategic plan for future asset utilization?
While assets have grown significantly, the data doesn't detail how these assets are being deployed (e.g., new acquisitions, facility improvements, educational programs). A clear strategy for asset utilization would demonstrate effective stewardship.
Filing History
IRS 990 filing history for Classic Car Club Of America Museum Inc showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2010–2023), Classic Car Club Of America Museum Inc's revenue has grown by 59%, moving from $238K to $379K. Total assets increased by 131.4% over the same period, from $4.9M to $11.3M. Total functional expenses rose by 242.4%, from $133K to $457K. In its most recent filing year (2023), Classic Car Club Of America Museum Inc reported a deficit of $78K, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $11.3M in assets (debt-to-asset ratio: 8.9%), resulting in net assets of $10.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $379K | $457K | $11.3M | $1.0M | — | — |
| 2022 | $512K | $407K | $9.5M | $43K | — | View 990 |
| 2021 | $1.7M | $350K | $11.0M | $341K | — | View 990 |
| 2020 | $1.4M | $297K | $9.1M | $299K | — | View 990 |
| 2019 | $248K | $302K | $7.2M | $0 | — | View 990 |
| 2018 | $312K | $281K | $6.4M | $0 | — | View 990 |
| 2017 | $1.1M | $28K | $6.8M | $0 | — | View 990 |
| 2017 | $863K | $341K | $5.7M | $0 | — | — |
| 2016 | $795K | $261K | $10.1M | $2K | — | View 990 |
| 2015 | $1.8M | $243K | $9.5M | $2K | — | View 990 |
| 2014 | $274K | $149K | $7.9M | $2K | — | View 990 |
| 2013 | $3.1M | $98K | $7.8M | $2K | — | View 990 |
| 2012 | $189K | $105K | $5.0M | $2K | — | View 990 |
| 2011 | $129K | $87K | $4.9M | $2K | — | View 990 |
| 2010 | $238K | $133K | $4.9M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $379K, expenses of $457K, and assets of $11.3M (revenue -26.0% year-over-year).
- 2022: Revenue of $512K, expenses of $407K, and assets of $9.5M (revenue -69.4% year-over-year).
- 2021: Revenue of $1.7M, expenses of $350K, and assets of $11.0M (revenue +23.0% year-over-year).
- 2020: Revenue of $1.4M, expenses of $297K, and assets of $9.1M (revenue +447.1% year-over-year).
- 2019: Revenue of $248K, expenses of $302K, and assets of $7.2M (revenue -20.3% year-over-year).
- 2018: Revenue of $312K, expenses of $281K, and assets of $6.4M (revenue -70.6% year-over-year).
- 2017: Revenue of $1.1M, expenses of $28K, and assets of $6.8M (revenue +22.9% year-over-year).
- 2017: Revenue of $863K, expenses of $341K, and assets of $5.7M (revenue +8.6% year-over-year).
- 2016: Revenue of $795K, expenses of $261K, and assets of $10.1M (revenue -54.8% year-over-year).
- 2015: Revenue of $1.8M, expenses of $243K, and assets of $9.5M (revenue +541.7% year-over-year).
- 2014: Revenue of $274K, expenses of $149K, and assets of $7.9M (revenue -91.2% year-over-year).
- 2013: Revenue of $3.1M, expenses of $98K, and assets of $7.8M (revenue +1546.1% year-over-year).
- 2012: Revenue of $189K, expenses of $105K, and assets of $5.0M (revenue +46.8% year-over-year).
- 2011: Revenue of $129K, expenses of $87K, and assets of $4.9M (revenue -45.9% year-over-year).
- 2010: Revenue of $238K, expenses of $133K, and assets of $4.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Classic Car Club Of America Museum Inc:
Data Sources and Methodology
This transparency report for Classic Car Club Of America Museum Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.