Auto Racing Outreach Inc

Analysis

Auto Racing Outreach Inc is a registered charity in United States, based in Claremont, NC. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Auto Racing Outreach Inc reported income of $68k and spending of $50k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $68k (+12%), an average of +12% a year. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Auto Racing Outreach Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within NC. Charities of a similar size with the same main cause include Iglesia Evangelica Cristo Viene ($68k), Tree of Life Community Inc ($68k) and Beautiful Soul Ministries ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.