RB Racing Charity-A Nonprofit Corporation

Analysis

RB Racing Charity-A Nonprofit Corporation is a registered charity in United States, based in Lancaster, MA. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, RB Racing Charity-A Nonprofit Corporation reported income of $88k and spending of $79k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $88k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, RB Racing Charity-A Nonprofit Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Pregnancy Center of Meadville Inc ($88k), North Florida Area Conference Incorporated ($88k) and Acacia Network Inc ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.