Track Nationals Inc

Analysis

Track Nationals Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in December 2023, 3 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, Track Nationals Inc reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $867k to $1.2m (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Track Nationals Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Dallas Tennis Association ($1.2m), Magical Bridge Foundation ($1.2m) and Wellesley United Soccer Club Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $334k (28% of expenses). At year end it held assets of $305 against liabilities of $0, net assets of $305.