Red River Racing Team

Analysis

Red River Racing Team is a registered charity in United States, based in San Marcos, TX. It received its IRS tax-exemption ruling in February 2015, 11 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 (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, Red River Racing Team reported income of $53k and spending of $52k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $53k (+1.1%), an average of +1.1% a year. 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, Red River Racing Team sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within TX. Charities of a similar size with the same main cause include Muhlenberg County Fair Inc ($53k), Perinton Joint Training Facility Inc ($53k) and Huntsville Youth Football League ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 95% of the total. At year end it held assets of $5,146 against liabilities of $0, net assets of $5,146.