Knoxville Racing Charitable Organization Inc

Analysis

Knoxville Racing Charitable Organization Inc is a registered charity in United States, based in Knoxville, IA. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2022, Knoxville Racing Charitable Organization Inc reported income of $165k and spending of $149k, spending 90% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $114k to $165k (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Knoxville Racing Charitable Organization Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within IA. Charities of a similar size with the same main cause include Shed Inc ($165k), Warren Township Rescue Squad ($165k) and Fools Five Inc ($165k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 39% of the total. At year end it held assets of $176k against liabilities of $0, net assets of $176k.