Scholarships for Speedway Inc

Analysis

Scholarships for Speedway Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Scholarships for Speedway Inc reported income of $90k and spending of $109k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $90k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 132% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholarships for Speedway Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within IN. Charities of a similar size with the same main cause include Parent Booster USA Inc ($90k), RRHS Football Booster Club ($90k) and Benicia Middle School Viking Music Boosters Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $233k against liabilities of $0, net assets of $233k.