R a C E Fund Inc

Analysis

R a C E Fund Inc is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, R a C E Fund Inc reported income of $172k and spending of $182k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $50k to $172k (+245%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 140% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, R a C E Fund Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within PA. Charities of a similar size with the same main cause include Meow Inc ($172k), All About Spay Neuter Inc ($172k) and Pet Friends and Rescue ($172k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $151k against liabilities of $0, net assets of $151k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.