Team Colorado Whitewater Racing Club

Analysis

Team Colorado Whitewater Racing Club is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Team Colorado Whitewater Racing Club reported income of $125k and spending of $94k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $125k (+2.9%), an average of +2.9% a year. Over the whole period it spent 61% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team Colorado Whitewater Racing Club sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 39th percentile within CO. Charities of a similar size with the same main cause include Pony Boys Basketball ($125k), Playland Communities Foundation ($125k) and Vineland Pigtail League Corp ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 72% of the total. At year end it held assets of $144k against liabilities of $1,712, net assets of $142k.