Brazen Racing Sports and Community

Analysis

Brazen Racing Sports and Community is a registered charity in United States, based in Foresthill, CA. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Brazen Racing Sports and Community reported income of $980k and spending of $997k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $980k (-32%), an average of -9.0% a year. The sharpest change came in the year to December 2022, when income rose by 111%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Brazen Racing Sports and Community sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Special Forces Foundation ($980k), St Marys High School Foundation ($983k) and Jefferson County Public Education Foundation ($980k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.