Springfield BMX Raceway

Analysis

Springfield BMX Raceway is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in May 2018, 8 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, Springfield BMX Raceway reported income of $69k and spending of $47k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $36k to $69k (+90%), an average of +90% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 77% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Springfield BMX Raceway sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within IL. Charities of a similar size with the same main cause include Hilton Cadets Youth Travel Baseball Inc ($69k), Little League Baseball Inc ($69k) and Central Valley Senior Bowling Club ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.