Timberline Race Team Inc

Analysis

Timberline Race Team Inc is a registered charity in United States, based in Davis, WV. It received its IRS tax-exemption ruling in August 1990, 36 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Timberline Race Team Inc reported income of $150k and spending of $84k, leaving 44% of income unspent that year. Across the 2 years on record, from November 2022 to November 2023, income grew from $66k to $150k (+128%), an average of +128% a year. The sharpest change came in the year to November 2023, when income rose by 128%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Timberline Race Team Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within WV. Charities of a similar size with the same main cause include Volunteers of America Inc ($150k), Music Circle ($150k) and Discovery School Association ($150k).

On its Form 990-EZ for the period ending November 2023, revenue came from contributions and grants 6.6% and program service revenue 22% of the total. At year end it held assets of $83k against liabilities of $761, net assets of $82k.