Arkansas Elite Barrel Racing Inc

Analysis

Arkansas Elite Barrel Racing Inc is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in November 2020, 6 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, Arkansas Elite Barrel Racing Inc reported income of $305k and spending of $299k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $169k to $305k (+81%), an average of +81% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Arkansas Elite Barrel Racing Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within AR. Charities of a similar size with the same main cause include Madison Futbol Club Inc ($304k), Lakes Area Hockey Association ($305k) and Pony Express Baseball Inc ($304k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.