San Marino Motor Classic

Analysis

San Marino Motor Classic is a registered charity in United States, based in San Marino, CA. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, San Marino Motor Classic reported income of $844k and spending of $668k, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $629k to $844k (+34%), an average of +7.6% a year. The sharpest change came in the year to September 2021, when income rose by 150%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, San Marino Motor Classic sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Lakes and Prairie United Way ($843k), High Country Charitable Foundation Inc ($844k) and Foundaton for the Higher Good Inc ($843k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 49% and program service revenue 43% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.