Cortez Racing Association a California Corporation

Analysis

Cortez Racing Association a California Corporation is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Cortez Racing Association a California Corporation reported income of $79k and spending of $91k, spending 116% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income grew from $21k to $79k (+268%), an average of +92% a year. The sharpest change came in the year to December 2022, when income rose by 758%. Over the whole period it spent 63% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cortez Racing Association a California Corporation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Parker Youth Baseball Club Inc ($79k), Stone-Wiggins Recreation Association Inc ($79k) and Nosa Inc ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 29% of the total. At year end it held assets of $131k against liabilities of $0, net assets of $131k.