Race to Zero Waste

Analysis

Race to Zero Waste is a registered charity in United States, based in S San Francisco, CA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 2023, Race to Zero Waste reported income of $612k and spending of $526k, spending 86% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $255k to $612k (+140%), an average of +140% a year. The sharpest change came in the year to June 2023, when income rose by 140%. Over the whole period it spent 89% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Race to Zero Waste sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Future Neenah Inc ($611k), Seven Rivers Resource Conservation & Development Area Inc ($612k) and Farmington River Watershed Association Inc ($611k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $104k (20% of expenses). Other salaries and wages came to $61k. At year end it held assets of $94k against liabilities of $2,806, net assets of $92k. It reported 16 employees.