Columbia Gorge Racing Association

Analysis

Columbia Gorge Racing Association is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in July 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 December 2023, Columbia Gorge Racing Association reported income of $123k and spending of $127k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $209k to $123k (-41%), an average of -41% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Columbia Gorge Racing Association sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within OR. Charities of a similar size with the same main cause include Thunderbird Water Polo Club Inc ($123k), Bulldog Sports Group Inc ($123k) and Girl Made Sports Inc ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $169k against liabilities of $154, net assets of $169k.