Drag Racing Association of Women

Analysis

Drag Racing Association of Women is a registered charity in United States, based in Danvers, IL. It received its IRS tax-exemption ruling in August 1993, 33 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Drag Racing Association of Women reported income of $273k and spending of $323k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $303k to $273k (-9.9%), an average of -2.6% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Drag Racing Association of Women sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include Aksarben Curling Association ($273k), Andover Little League Inc ($273k) and Little League Baseball Inc ($273k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. It paid $41k in professional fundraising fees. At year end it held assets of $1.7m against liabilities of $19k, net assets of $1.7m.