Raceway Gives Foundation

Analysis

Raceway Gives Foundation is a registered charity in United States, based in Madison, IL. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Raceway Gives Foundation reported income of $199k and spending of $220k, spending 111% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $755k to $199k (-74%), an average of -36% a year. The sharpest change came in the year to December 2022, when income rose by 231%. Over the whole period it spent 64% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Raceway Gives Foundation 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 54th percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include One Climb ($198k), Central Wyoming Chapter of the American Petroleum Institute ($199k) and Epic Training and Development ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $10k (4.8% of expenses). At year end it held assets of $754k against liabilities of $598, net assets of $753k.