Race for the Rescues

Analysis

Race for the Rescues is a registered charity in United States, based in North Hollywood, CA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 December 2023, Race for the Rescues reported income of $408k and spending of $434k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $509k to $408k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Race for the Rescues 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 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Comunidad Cristiana LA Roca Firme Inc ($407k), Grove City High School Band Boosters ($408k) and Putnam Valley Free Library ($407k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (14% of expenses). At year end it held assets of $40k against liabilities of $0, net assets of $40k.