Packard Motorcar Foundation
EIN: 311502101 · Shelby Twp, MI · NTEE: A80
| Metric | Value |
|---|---|
| Total Revenue | $805K |
| Total Expenses | $698K |
| Net Assets | $6.0M |
Is Packard Motorcar Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Packard Motorcar Foundation
Packard Motorcar Foundation (EIN: 311502101) is a nonprofit organization based in Shelby Twp, MI, classified under NTEE code A80. The organization reported total revenue of $805K and total assets of $5.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Packard Motorcar Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Packard Motorcar Foundation is a small nonprofit that has been operating for 29 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 15.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $698K |
| Surplus / Deficit | +$394K |
| Total Assets | $6.0M |
| Total Liabilities | $56K |
| Net Assets | $6.0M |
| Operating Margin | 36.1% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 103.8 months |
Financial Health Grade: A
In 2023, Packard Motorcar Foundation reported a surplus of $394K with revenue exceeding expenses, holds 103.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Packard Motorcar Foundation's revenue has grown at a compound annual growth rate (CAGR) of 15.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.4% | +23.7% | +8.2% |
| 2022 | -1.9% | +27.2% | +0.7% |
| 2021 | +17.5% | +5.6% | +4.2% |
| 2020 | -15.4% | +1.8% | +22.1% |
| 2019 | +68.7% | +10.9% | +5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Packard Motorcar Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Packard Motorcar Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $394K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Frequently Asked Questions about Packard Motorcar Foundation
Is Packard Motorcar Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Packard Motorcar Foundation (EIN: 311502101) insufficient data. 0 red flags identified, 0 strengths noted.
How does Packard Motorcar Foundation spend its money?
Detailed spending breakdown data is not yet available for Packard Motorcar Foundation. Check back for updated IRS 990 analysis.
Are donations to Packard Motorcar Foundation tax-deductible?
Packard Motorcar Foundation is registered as a tax-exempt nonprofit (EIN: 311502101). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Packard Motorcar Foundation located?
Packard Motorcar Foundation is headquartered in Shelby Twp, Michigan and files with the IRS under EIN 311502101. It is classified under NTEE code A80.
How many years of IRS 990 filings does Packard Motorcar Foundation have?
Packard Motorcar Foundation has 14 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 $805K in total revenue.
Filing History
IRS 990 filing history for Packard Motorcar Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Packard Motorcar Foundation's revenue has grown by 580.1%, moving from $161K to $1.1M. Total assets increased by 118.8% over the same period, from $2.8M to $6.0M. Total functional expenses rose by 588.2%, from $101K to $698K. In its most recent filing year (2023), Packard Motorcar Foundation reported a surplus of $394K, with revenue exceeding expenses. The organization holds $56K in liabilities against $6.0M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $6.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $698K | $6.0M | $56K | — | — |
| 2022 | $806K | $564K | $5.6M | $14K | — | View 990 |
| 2021 | $822K | $444K | $5.5M | $185K | — | View 990 |
| 2020 | $699K | $420K | $5.3M | $363K | — | View 990 |
| 2019 | $826K | $413K | $4.4M | $274K | — | View 990 |
| 2018 | $490K | $372K | $4.1M | $312K | — | View 990 |
| 2017 | $770K | $313K | $4.0M | $282K | — | View 990 |
| 2016 | $441K | $224K | $3.4M | $173K | — | View 990 |
| 2015 | $239K | $153K | $3.1M | $104K | — | View 990 |
| 2014 | $201K | $114K | $3.0M | $22K | — | View 990 |
| 2013 | $156K | $101K | $2.9M | $24K | — | View 990 |
| 2012 | $211K | $93K | $2.8M | $0 | — | View 990 |
| 2011 | $413K | $96K | $3.1M | $400K | — | View 990 |
| 2010 | $161K | $101K | $2.8M | $400K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $698K, and assets of $6.0M (revenue +35.4% year-over-year).
- 2022: Revenue of $806K, expenses of $564K, and assets of $5.6M (revenue -1.9% year-over-year).
- 2021: Revenue of $822K, expenses of $444K, and assets of $5.5M (revenue +17.5% year-over-year).
- 2020: Revenue of $699K, expenses of $420K, and assets of $5.3M (revenue -15.4% year-over-year).
- 2019: Revenue of $826K, expenses of $413K, and assets of $4.4M (revenue +68.7% year-over-year).
- 2018: Revenue of $490K, expenses of $372K, and assets of $4.1M (revenue -36.4% year-over-year).
- 2017: Revenue of $770K, expenses of $313K, and assets of $4.0M (revenue +74.5% year-over-year).
- 2016: Revenue of $441K, expenses of $224K, and assets of $3.4M (revenue +84.7% year-over-year).
- 2015: Revenue of $239K, expenses of $153K, and assets of $3.1M (revenue +18.9% year-over-year).
- 2014: Revenue of $201K, expenses of $114K, and assets of $3.0M (revenue +28.4% year-over-year).
- 2013: Revenue of $156K, expenses of $101K, and assets of $2.9M (revenue -26.0% year-over-year).
- 2012: Revenue of $211K, expenses of $93K, and assets of $2.8M (revenue -48.8% year-over-year).
- 2011: Revenue of $413K, expenses of $96K, and assets of $3.1M (revenue +157.4% year-over-year).
- 2010: Revenue of $161K, expenses of $101K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Packard Motorcar Foundation:
Data Sources and Methodology
This transparency report for Packard Motorcar Foundation 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.