The Great Race Inc

Analysis

The Great Race Inc is a registered charity in United States, based in Auburn, NY. It received its IRS tax-exemption ruling in April 2017, 9 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 December 2023, The Great Race Inc reported income of $53k and spending of $48k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $59k to $53k (-9.3%), an average of -9.3% a year. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Great Race Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Bear Babe Ruth Organization ($53k), Summersville Youth Athletics Inc ($53k) and Faribault Soccer Association ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 66% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.