Falmouth Road Race Inc

Analysis

Falmouth Road Race Inc is a registered charity in United States, based in Falmouth, MA. It received its IRS tax-exemption ruling in December 1979, 47 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Falmouth Road Race Inc reported income of $2.5m and spending of $2.5m, spending 99% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $2.2m to $2.5m (+16%), an average of +5.2% a year. The sharpest change came in the year to March 2022, when income rose by 70%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Falmouth Road Race Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Norco Juniors Inc ($2.5m), Downtown Las Vegas Soccer Club ($2.5m) and Millennium Park Foundation ($2.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Other salaries and wages came to $290k. At year end it held assets of $1.6m against liabilities of $899k, net assets of $681k. It reported 3 employees.