Racing for Home Inc

Analysis

Racing for Home Inc is a registered charity in United States, based in Hamden, CT. It received its IRS tax-exemption ruling in July 2011, 15 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 2023, Racing for Home Inc reported income of $186k and spending of $178k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $162k to $186k (+15%), an average of +15% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Racing for Home Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within CT. Charities of a similar size with the same main cause include Problem Pregnancy of Worcester Inc ($186k), Dr Shalon Maternal Action Project Inc ($186k) and Utah Statewide Independent Living Council ($186k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $77k against liabilities of $25k, net assets of $52k.