Middleburg Spring Race Assoc Inc

Analysis

Middleburg Spring Race Assoc Inc is a registered charity in United States, based in Middleburg, VA. It received its IRS tax-exemption ruling in March 1980, 46 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 June 2024, Middleburg Spring Race Assoc Inc reported income of $750k and spending of $516k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $702k to $750k (+6.9%), an average of +1.7% a year. The sharpest change came in the year to June 2022, when income rose by 90%. Over the whole period it spent 67% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Middleburg Spring Race Assoc Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Rva Sports Foundation Inc ($750k), Dakota Marksmanship Foundation Inc ($750k) and Northwestern Michigan Fair Association ($750k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 42% of the total. Other salaries and wages came to $34k. At year end it held assets of $2.8m against liabilities of $380, net assets of $2.8m. It reported 1 employees.