Cooper Spur Race Team Inc

Analysis

Cooper Spur Race Team Inc is a registered charity in United States, based in Hood River, OR. It received its IRS tax-exemption ruling in August 2002, 24 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 May 2023, Cooper Spur Race Team Inc reported income of $330k and spending of $340k, spending 103% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $296k to $330k (+11%), an average of +3.6% a year. The sharpest change came in the year to May 2022, when income rose by 19%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cooper Spur Race Team Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OR. Charities of a similar size with the same main cause include North Carolina Soccer Referees Association Inc ($330k), Basin United Soccer Club Inc ($330k) and Bloomington Amateur Hockey Association ($330k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 7.0% and program service revenue 83% of the total. Other salaries and wages came to $158k. At year end it held assets of $229k against liabilities of $5,062, net assets of $224k. It reported 32 employees.