Tracksmith Foundation Inc

Analysis

Tracksmith Foundation Inc is a registered charity in United States, based in Boston, MA. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Tracksmith Foundation Inc reported income of $62k and spending of $88k, spending 142% of what it took in. Across the 2 years on record, from January 2023 to January 2024, income fell from $97k to $62k (-36%), an average of -36% a year. The sharpest change came in the year to January 2024, when income dropped by 36%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tracksmith Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include High Cliff Harbor Commission Inc ($62k), Fort Bend County Kids and Cops ($62k) and United Flying Octogenarians ($62k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.