Roadracing World Action Fund Inc

Analysis

Roadracing World Action Fund Inc is a registered charity in United States, based in Lake Elsinore, CA. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Roadracing World Action Fund Inc reported income of $246k and spending of $260k, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $155k to $246k (+58%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 77% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Roadracing World Action Fund Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Southwest Florida Urban Search and Rescue Florida Task Force 6 Inc ($246k), Rowland Rural Fire Department Inc ($246k) and Project Get Safe Foundation ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $624k against liabilities of $0, net assets of $624k.