Mount Ashland Racing Association

Analysis

Mount Ashland Racing Association is a registered charity in United States, based in Medford, OR. It received its IRS tax-exemption ruling in January 1995, 31 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 June 2023, Mount Ashland Racing Association reported income of $80k and spending of $85k, spending 107% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $64k to $80k (+24%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 111% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mount Ashland Racing Association sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within OR. Charities of a similar size with the same main cause include Southwest Trampoline and Tumbling Association ($80k), Va Stingrays Softball ($80k) and Tyler County Youth Baseball Association ($80k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 9.2% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.