Colorado Junior Karting Club

Analysis

Colorado Junior Karting Club is a registered charity in United States, based in Wheat Ridge, CO. It received its IRS tax-exemption ruling in April 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Colorado Junior Karting Club reported income of $195k and spending of $151k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2019 to December 2022, income grew from $180k to $195k (+8.2%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Colorado Junior Karting Club sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within CO. Charities of a similar size with the same main cause include Southern Dutchess Packers Inc ($195k), Cheviot Hills Pony Baseball Association ($195k) and West Virginia Regional Training Center Inc ($195k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% of the total. At year end it held assets of $103k against liabilities of $0, net assets of $103k.