Race Track Chaplaincy of America Inc

Analysis

Race Track Chaplaincy of America Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in May 1972, 54 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, Race Track Chaplaincy of America Inc reported income of $596k and spending of $654k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $401k to $596k (+49%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Race Track Chaplaincy of America Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within KY. Charities of a similar size with the same main cause include Seymour Library ($596k), Wee Saints Day Care Center ($596k) and Council on Economic Education in Maryland ($596k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $66k (10% of expenses). Other salaries and wages came to $111k. At year end it held assets of $560k against liabilities of $6,333, net assets of $554k. It reported 5 employees.