Terre Haute Quarter Midget Association Inc

Analysis

Terre Haute Quarter Midget Association Inc is a registered charity in United States, based in Terre Haute, IN. It received its IRS tax-exemption ruling in July 1995, 31 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, Terre Haute Quarter Midget Association Inc reported income of $62k and spending of $163k, spending 261% of what it took in. Across the 6 years on record, from December 2017 to December 2023, income fell from $92k to $62k (-32%), an average of -7.4% a year. The sharpest change came in the year to December 2021, when income rose by 102%. Over the whole period it spent 240% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Terre Haute Quarter Midget Association 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 24th percentile, and in the 21st percentile within IN. Charities of a similar size with the same main cause include Teays Valley Youth Soccer Association ($62k), Give It a Tri Inc ($62k) and Ypsilanti Otters Swim Club ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 56% of the total. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.

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.