Good Times Quarter Midget Racing Assc Inc

Analysis

Good Times Quarter Midget Racing Assc Inc is a registered charity in United States, based in Madera, CA. It received its IRS tax-exemption ruling in July 2013, 13 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 (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, Good Times Quarter Midget Racing Assc Inc reported income of $57k and spending of $91k, spending 160% of what it took in. Across the 2 years on record, from January 2023 to January 2024, income fell from $88k to $57k (-35%), an average of -36% a year. The sharpest change came in the year to January 2024, when income dropped by 35%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Good Times Quarter Midget Racing Assc Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Great Lakes Bay Regional Trail ($57k), MGHS Boys Basketball Booster Club ($57k) and Cass City Area Summer Athletic Program ($57k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 1.8% and program service revenue 96% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.