Medford Dragstrip Inc

Analysis

Medford Dragstrip Inc is a registered charity in United States, based in White City, OR. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Medford Dragstrip Inc reported income of $114k and spending of $279k, spending 244% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $186k to $114k (-39%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Medford Dragstrip Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within OR. Charities of a similar size with the same main cause include Priceville Community Thrift Store ($114k), Samoan Solutions ($114k) and Seaport Ministries ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 61% of the total. At year end it held assets of $52k against liabilities of $460, net assets of $52k.