The Race Inc

Analysis

The Race Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, The Race Inc reported income of $457k and spending of $328k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $8,026 to $457k (+5598%), an average of +5598% a year. The sharpest change came in the year to December 2023, when income rose by 5598%. Over the whole period it spent 71% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Race Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Winterport Fire and Rescue Association ($457k), Alabama Safety Institute Inc ($457k) and Cabarrus Womens Center Inc ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $142k against liabilities of $100, net assets of $141k.