Ferrari Kid

Analysis

Ferrari Kid is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 December 2023, Ferrari Kid reported income of $217k and spending of $178k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $167k to $217k (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 109%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ferrari Kid sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Hope Crisis Pregnancy Center ($217k), One Step Closer Therapeutic Riding ($217k) and A Giving Heart Foundation ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 147% of the total. Compensation of current officers, directors and key employees was $86k (48% of expenses). At year end it held assets of $137k against liabilities of $16k, net assets of $120k. It reported 1 employees.