Race for Education Inc

Analysis

Race for Education Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in October 2002, 24 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 December 2023, Race for Education Inc reported income of $82k and spending of $156k, spending 190% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $177k to $82k (-54%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 56%. Over the whole period it spent 144% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Race for Education Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within KY. Charities of a similar size with the same main cause include Osborn School District Educational Foundation Inc ($82k), North Allegheny Football Boosters Association ($82k) and Collins Intermediate School Parent Teacher Organization ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $142k against liabilities of $10k, net assets of $132k.