Malcolm Smith Motorsports Foundation

Analysis

Malcolm Smith Motorsports Foundation is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in December 2002, 24 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Malcolm Smith Motorsports Foundation reported income of $143k and spending of $119k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $130k to $143k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 63% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Malcolm Smith Motorsports Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Renaissance 21 ($143k), Hope and Mission Inc ($143k) and Micro Nonprofit Network ($143k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.