Virginia City Motorsports Club

Analysis

Virginia City Motorsports Club is a registered charity in United States, based in Virginia City, NV. It received its IRS tax-exemption ruling in April 2022, 4 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, Virginia City Motorsports Club reported income of $124k and spending of $97k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $124k (+2.4%), an average of +2.4% a year. Over the whole period it spent 75% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Virginia City Motorsports Club sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within NV. Charities of a similar size with the same main cause include West Geauga Soccer Club Inc ($124k), United States Bowling Congress Inc ($124k) and Birmingham High School Hockey Association Incorporated ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 83% of the total. At year end it held assets of $101k against liabilities of $0, net assets of $101k.