Northern Nevada Kart Club

Analysis

Northern Nevada Kart Club is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in June 2019, 7 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, Northern Nevada Kart Club reported income of $119k and spending of $102k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $171k to $119k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Northern Nevada Kart Club sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 45th percentile within NV. Charities of a similar size with the same main cause include Osceola Anglers High School Fishing Club Inc ($119k), Huntsman Select Aau ($119k) and Down Neck Community Sports Group Inc ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 69% of the total. At year end it held assets of $54k against liabilities of $1,805, net assets of $52k.