Boilermaker Road Race Inc

Analysis

Boilermaker Road Race Inc is a registered charity in United States, based in Utica, NY. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Boilermaker Road Race Inc reported income of $1.4m and spending of $1.5m, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.9m to $1.4m (-22%), an average of -6.2% a year. The sharpest change came in the year to September 2022, when income rose by 531%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Boilermaker Road Race Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Beit-Hanina Social Club ($1.4m), Public Radio Inc ($1.4m) and Mayfest Inc ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 47% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $129k (8.5% of expenses). Other salaries and wages came to $265k. At year end it held assets of $3.1m against liabilities of $137k, net assets of $2.9m. It reported 8 employees.