Inspirational Triathlon Racing

Analysis

Inspirational Triathlon Racing is a registered charity in United States, based in East Hampton, NY. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 September 2023, Inspirational Triathlon Racing reported income of $913k and spending of $948k, spending 104% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $593k to $913k (+54%), an average of +16% a year. The sharpest change came in the year to September 2023, when income rose by 28%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Inspirational Triathlon Racing sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Teamwork Foundation Inc ($912k), Journeys of the Heart Inc ($913k) and Forerunner Mentoring ($912k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $102k (11% of expenses). Other salaries and wages came to $485k. It paid $6,740 in professional fundraising fees. At year end it held assets of $195k against liabilities of $158k, net assets of $37k. It reported 22 employees.