Race Swami

Analysis

Race Swami is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in June 2011, 15 years ago. 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 Swami reported income of $178k and spending of $188k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $249k to $178k (-28%), an average of -8.0% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Race Swami sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within UT. Charities of a similar size with the same main cause include Hospice of the Eastern Upper Peninsula ($178k), Kol Israel Foundation Inc ($178k) and Occupational & Community Health Services Inc ($178k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $54k (29% of expenses). Other salaries and wages came to $60k. At year end it held assets of $39k against liabilities of $6,834, net assets of $32k. It reported 15 employees.

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.