New Haven Roadrace Inc

Analysis

New Haven Roadrace Inc is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in August 1987, 39 years ago. 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 January 2024, New Haven Roadrace Inc reported income of $338k and spending of $320k, spending 95% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $296k to $338k (+14%), an average of +3.4% a year. The sharpest change came in the year to January 2022, when income rose by 371%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Haven Roadrace Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Drug Free Moore County Inc ($338k), York Preparatory School Foundation ($338k) and Animal Care Center of St John Inc ($338k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $81k (25% of expenses). At year end it held assets of $49k against liabilities of $0, net assets of $49k.