River Town Racers

Analysis

River Town Racers is a registered charity in United States, based in Petaluma, CA. It received its IRS tax-exemption ruling in April 2019, 7 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 June 2024, River Town Racers reported income of $78k and spending of $65k, spending 83% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $65k to $78k (+20%), an average of +9.4% a year. The sharpest change came in the year to June 2024, when income rose by 98%. Over the whole period it spent 71% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, River Town Racers 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 30th percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Clearwater Youth Lacrosse Inc ($78k), FSK Jr Eagles Football Inc ($78k) and Red Hills Horse Trials Inc ($78k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 78% of the total. At year end it held assets of $132k against liabilities of $74k, net assets of $58k.