Redding Dragstrip Inc

Analysis

Redding Dragstrip Inc is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in June 2015, 11 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 December 2023, Redding Dragstrip Inc reported income of $317k and spending of $40k, leaving 87% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $251k to $317k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2022, when income rose by 117%. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Redding Dragstrip Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Club North Swimming Inc ($317k), Superior Amateur Hockey Association Inc ($317k) and Gamers Sports Travel ($317k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $243k against liabilities of $709, net assets of $242k.