Racers Emergency Support Program Inc

Analysis

Racers Emergency Support Program Inc is a registered charity in United States, based in Queen Creek, AZ. It received its IRS tax-exemption ruling in July 1994, 32 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 2023, Racers Emergency Support Program Inc reported income of $63k and spending of $55k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $63k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Racers Emergency Support Program Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 22nd percentile within AZ. Charities of a similar size with the same main cause include Wilson Youth Soccer League Ltd ($63k), Stoughton Viking Wrestling Club ($63k) and Winesburg Parks & Recreation Association Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.5% of the total. At year end it held assets of $325k against liabilities of $2,739, net assets of $323k.