Speedway Trails Association

Analysis

Speedway Trails Association is a registered charity in United States, based in Speedway, IN. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Speedway Trails Association reported income of $121k and spending of $100k, spending 83% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.6m to $121k (-93%), an average of -58% a year. The sharpest change came in the year to December 2022, when income rose by 10381%. Over the whole period it spent 17% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Speedway Trails Association sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within IN. Charities of a similar size with the same main cause include Washburn County Economic Development Corporation ($121k), Greeley County Community Development Inc ($121k) and The Salem Partnership Inc ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $5.9m against liabilities of $0, net assets of $5.9m.