Russvegas Foot Races Foundation

Analysis

Russvegas Foot Races Foundation is a registered charity in United States, based in Russellville, AR. It received its IRS tax-exemption ruling in June 2014, 12 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 October 2023, Russvegas Foot Races Foundation reported income of $156k and spending of $132k, spending 85% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $105k to $156k (+49%), an average of +10% a year. The sharpest change came in the year to October 2023, when income rose by 201%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Russvegas Foot Races Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within AR. Charities of a similar size with the same main cause include Eagans July 4th Funfest Committee ($156k), Motivating Youth Foundation Inc ($156k) and DC Grays Baseball LLC ($156k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 25% of the total. Compensation of current officers, directors and key employees was $10k (7.6% of expenses). At year end it held assets of $38k against liabilities of $0, net assets of $38k.