Racing Surfaces Testing Laboratory

Analysis

Racing Surfaces Testing Laboratory is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in November 2009, 17 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 December 2023, Racing Surfaces Testing Laboratory reported income of $1.0m and spending of $939k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $334k to $1.0m (+201%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 271%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Racing Surfaces Testing Laboratory sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within KY. Charities of a similar size with the same main cause include McKinney North Stars Hockey Club ($1.0m), Southwest Riverside County Youth Sports Coalition Corp ($1.0m) and Winnebago County Fair Association Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $325k (35% of expenses). At year end it held assets of $1.0m against liabilities of $68k, net assets of $980k. It reported 8 employees.