Pants Off Racing

Analysis

Pants Off Racing is a registered charity in United States, based in Hermosa Beach, CA. It received its IRS tax-exemption ruling in September 2012, 14 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2022, Pants Off Racing reported income of $77k and spending of $65k, spending 84% of its income. Across the 2 years on record, from October 2019 to October 2022, income fell from $87k to $77k (-11%), an average of -11% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Pants Off Racing sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Diepcjourney ($77k), Village Retreat Group ($77k) and Building Futures Inc ($77k).

On its Form 990-EZ for the period ending October 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.