Race Track Chaplaincy of America

Analysis

Race Track Chaplaincy of America is a registered charity in United States, based in Elmont, NY. It received its IRS tax-exemption ruling in May 2010, 16 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, Race Track Chaplaincy of America reported income of $1.5m and spending of $1.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $947k to $1.5m (+53%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Race Track Chaplaincy of America sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Harvesters Reaching the Nations Inc ($1.4m), Employment Horizons Enterprises Inc ($1.5m) and Enduring Word ($1.4m).

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 $86k (5.9% of expenses). Other salaries and wages came to $358k. At year end it held assets of $1.7m against liabilities of $54k, net assets of $1.7m.