Racing Medication and Testing Consortium Inc

Analysis

Racing Medication and Testing Consortium Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Racing Medication and Testing Consortium Inc reported income of $461k and spending of $663k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $598k to $461k (-23%), an average of -6.3% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 95% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Racing Medication and Testing Consortium Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within KY. Charities of a similar size with the same main cause include Missouri Wildlife Rescue Center ($461k), Paws Cat Shelter Inc ($461k) and Horse Rescue of America Inc ($461k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $206k (31% of expenses). Other salaries and wages came to $83k. At year end it held assets of $880k against liabilities of $51k, net assets of $829k. It reported 4 employees.