Lost Creek Raceway Association Inc

Analysis

Lost Creek Raceway Association Inc is a registered charity in United States, based in Butte, MT. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lost Creek Raceway Association Inc reported income of $146k and spending of $148k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $181k to $146k (-20%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lost Creek Raceway Association Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within MT. Charities of a similar size with the same main cause include Abington Community Aquatics Association ($146k), Greater Cleveland Athletic Association Inc ($146k) and Dunwoody Diamond Club ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 70% of the total. Other salaries and wages came to $5,764. At year end it held assets of $108k against liabilities of $40k, net assets of $68k.