Liberty Mountain Racing Team Inc

Analysis

Liberty Mountain Racing Team Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 1985, 41 years ago. 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 April 2024, Liberty Mountain Racing Team Inc reported income of $145k and spending of $133k, spending 92% of its income. Across the 2 years on record, from April 2023 to April 2024, income grew from $101k to $145k (+43%), an average of +43% a year. The sharpest change came in the year to April 2024, when income rose by 43%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Liberty Mountain Racing Team Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 24th percentile within DC. Charities of a similar size with the same main cause include Foundation of Medford Rogue Rotary Scholarship Fund ($145k), Little League Baseball Inc ($145k) and Piedmont Recreation Association of Union County Inc ($145k).

On its Form 990-EZ for the period ending April 2024, revenue came from program service revenue 60% of the total. At year end it held assets of $123k against liabilities of $0, net assets of $123k.