Mt Shasta Race Association

Analysis

Mt Shasta Race Association is a registered charity in United States, based in Mt Shasta, CA. It received its IRS tax-exemption ruling in April 1999, 27 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 September 2024, Mt Shasta Race Association reported income of $195k and spending of $173k, spending 89% of its income. Across the 6 years on record, from September 2019 to September 2024, income grew from $145k to $195k (+34%), an average of +6.0% a year. The sharpest change came in the year to September 2022, when income rose by 49%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mt Shasta Race Association sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Yonkers Paddling & Rowing Club ($195k), Honkamp Family Foundation ($195k) and Barnstormer Baseball Club ($195k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 25% and program service revenue 75% of the total. At year end it held assets of $97k against liabilities of $1,819, net assets of $95k. It reported 29 employees.