Tobacco Road Marathon

Analysis

Tobacco Road Marathon is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Tobacco Road Marathon reported income of $356k and spending of $364k, spending 102% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $290k to $356k (+23%), an average of +7.2% a year. The sharpest change came in the year to September 2022, when income rose by 72%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tobacco Road Marathon sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within NC. Charities of a similar size with the same main cause include Partners in Hope Inc ($356k), The Learning Tree of Wellsboro ($356k) and Breakthrough Ministries Inc ($356k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 13% and program service revenue 84% of the total. At year end it held assets of $91k against liabilities of $0, net assets of $91k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.