Racing for Relief Inc

Analysis

Racing for Relief Inc is a registered charity in United States, based in St Henry, OH. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 September 2023, Racing for Relief Inc reported income of $240k and spending of $220k, spending 92% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $287k to $240k (-16%), an average of -16% a year. The sharpest change came in the year to September 2023, when income dropped by 16%. Over the whole period it spent 92% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Racing for Relief Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within OH. Charities of a similar size with the same main cause include Fuller Hose Company No 1 ($240k), Justice Rural Volunteer Fire Association Inc ($240k) and Little Snake River Valley Ambulance Fund ($240k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.