Offshore Racing Outreach Corporation

Analysis

Offshore Racing Outreach Corporation is a registered charity in United States, based in San Pedro, CA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Offshore Racing Outreach Corporation reported income of $172k and spending of $205k, spending 119% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $292k to $172k (-41%), an average of -23% a year. The sharpest change came in the year to December 2023, when income rose by 1173%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Offshore Racing Outreach Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Trojan Athletic Foundation Inc ($172k), Leader Labs Inc ($172k) and Rothenberg Rooftop Garden ($172k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.