Speedway Parents & Teachers

Analysis

Speedway Parents & Teachers is a registered charity in United States, based in Speedway, IN. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Speedway Parents & Teachers reported income of $55k and spending of $55k, spending 101% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $57k to $55k (-4.3%), an average of -4.3% a year. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Speedway Parents & Teachers sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within IN. Charities of a similar size with the same main cause include Ritchie County Fairground Inc ($55k), Fulshear Friends of Huggins ($55k) and Gonzales County Area Go-Texan Inc ($55k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 5.4% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.