Tri-Valley Quarter Midget Racing

Analysis

Tri-Valley Quarter Midget Racing is a registered charity in United States, based in Livermore, CA. It received its IRS tax-exemption ruling in April 2004, 22 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, Tri-Valley Quarter Midget Racing reported income of $68k and spending of $48k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $68k (-15%), an average of -14% a year. Over the whole period it spent 69% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tri-Valley Quarter Midget Racing sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Mount Itasca Nordic Ski Association ($68k), Coppell Girls Softball Association ($68k) and Solanco Football Association ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 37% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.