Vintage Racers for Rescues Inc

Analysis

Vintage Racers for Rescues Inc is a registered charity in United States, based in Blanch, NC. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Vintage Racers for Rescues Inc reported income of $235k and spending of $163k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $72k to $235k (+225%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 167%. Over the whole period it spent 88% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Vintage Racers for Rescues Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Friends of Marshall Animals Inc ($235k), Riverside Rescue ($235k) and Humane Society of McDonough County Inc ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 6.4% of the total. Other salaries and wages came to $36k. At year end it held assets of $132k against liabilities of $1,786, net assets of $130k. It reported 4 employees.