Triple R Racing Inc

Analysis

Triple R Racing Inc is a registered charity in United States, based in Glendale, AZ. It received its IRS tax-exemption ruling in November 1982, 44 years ago. 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, Triple R Racing Inc reported income of $56k and spending of $115k, spending 204% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $83k to $56k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 145% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Triple R Racing Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within AZ. Charities of a similar size with the same main cause include Kauai Historical Society Inc ($56k), Loris Blue Pride Club ($56k) and PTA California Congress of Parents Teachers & Students Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $9,314 against liabilities of $0, net assets of $9,314.