EverythingTech is a federally registered 501(c)(3) non-profit organization. You receive a tax deduction for the total amount that your car sells for. See here for tax information.
EverythingTech thanks you for your generosity and truly appreciates your donations. While the costs of turning donated vehicles into cash are normally high compared to other forms of charity fundraising, through your donations, EverythingTech has a different approach to the car donation scenario were the cars you donate go back into the community to provide transportation to low-income residents while also helping young adults learn a skill that can provide a life long skill set that can help them be productive members of society, instill confidence, a sense of purpose and direction while building future business owners.
Proceeds derived from various automobile projects (i.e., engine rebuilds, transmission rebuilds, shop machining, auto inspection, complete teardowns, part salvaging, and resale activities) that are completed by the students of the program will be reinvested in the growth of Everythingthech.org. This program will not only help young adults develop useful skills but instill a sense of accomplishment at every milestone throughout the program. These skills will apply to other industries and other life skills in general. The amount that your vehicle ultimately sells for is based upon its make, year, mileage, and condition. These are the sales proceeds from your vehicle. EverythingTech also has normal expenses involved indirectly promoting the car donation program (advertising) and costs involved in turning your donated vehicle into cash (towing fees, parts, administrative costs). EverythingTech’s cash donations to EverythingTech Chapters are based upon the sale proceeds of all donated vehicles during a given month, less deductions for normal monthly costs such as towing, advertising, auction fees and administrative fees. Because of the difference in sales proceeds from one vehicle to the next and because of the costs involved in turning your donated vehicle into cash, the donation that EverythingTech makes to EverythingTech Chapters from the sale of your individual vehicle can be a larger percentage for a higher value vehicle, or much lower for an older low valued non-running vehicle that is recycled. The lower percentage is a result of there being minimum fixed costs incurred to obtain, tow and sell each car. These fixed costs can sometimes be a high percentage of the selling price of a low valued scrap vehicle. EverythingTech does receive a large number of donated scrap vehicles, which can bring the estimated average donation per vehicle percentage down.
Car donation programs do have higher costs to promote and operate, compared to other forms of charity fundraising. If you are concerned about giving 100% of the value of your vehicle to a charity, the best way to do so is to sell your vehicle yourself and directly donate your sale proceeds to your favorite charity. We invite you to read more about the Overhead Myth published by the three leading guides in nonprofit information.