Racing with Jesus Ministries Inc

Analysis

Racing with Jesus Ministries Inc is a registered charity in United States, based in Tolland, CT. It received its IRS tax-exemption ruling in April 1986, 40 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 December 2023, Racing with Jesus Ministries Inc reported income of $83k and spending of $107k, spending 128% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $550k to $83k (-85%), an average of -47% a year. The sharpest change came in the year to December 2021, when income dropped by 78%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Racing with Jesus Ministries Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within CT. Charities of a similar size with the same main cause include PTA Delaware Congress ($83k), Little League Baseball Inc ($83k) and Longview Boys Baseball Association ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $39k (36% of expenses). At year end it held assets of $632k against liabilities of $46k, net assets of $586k.