Charles Town Race Track Chaplaincy Support Services Inc

Analysis

Charles Town Race Track Chaplaincy Support Services Inc is a registered charity in United States, based in Charles Town, WV. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Charles Town Race Track Chaplaincy Support Services Inc reported income of $71k and spending of $78k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $78k to $71k (-9.5%), an average of -2.5% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Charles Town Race Track Chaplaincy Support Services Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within WV. Charities of a similar size with the same main cause include Peace Proclamation Ministries International Inc ($71k), St Katherines Ladies Philoptochos Society ($71k) and Phuoc Vien Buddist Temple Inc ($71k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $23k (30% of expenses). Other salaries and wages came to $17k. At year end it held assets of $15k against liabilities of $411, net assets of $14k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.