Race Cats

Analysis

Race Cats is a registered charity in United States, based in Kaysville, UT. It received its IRS tax-exemption ruling in February 2023, 3 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 October 2023, Race Cats reported income of $151k and spending of $153k, spending 101% of its income. Across the 3 years on record, from October 2021 to October 2023, income fell from $248k to $151k (-39%), an average of -22% a year. The sharpest change came in the year to October 2022, when income dropped by 25%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Race Cats sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within UT. Charities of a similar size with the same main cause include Fox Chapel Hockey Club ($151k), Pacifica Girls Softball League ($151k) and LA Mirada Soccer Association Inc ($151k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,088 against liabilities of $0, net assets of $6,088.