Kyle Petty Charity Ride Trust Inc

Organization Overview

Kyle Petty Charity Ride Trust Inc is located in Charlotte, NC. The organization was established in 2015. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kyle Petty Charity Ride Trust Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Kyle Petty Charity Ride Trust Inc generated $420.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $28.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO FUNCTION AS THE ENDOWMENT FOR THE BENEFIT OF CHILDREN WITH CHRONIC MEDICAL CONDITIONS OR SERIOUS ILLNESSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO FUNCTION AS THE ENDOWMENT FOR THE BENEFIT OF CHILDREN WITH CHRONIC MEDICAL CONDITIONS OR SERIOUS ILLNESSES.


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Board, Officers & Key Employees

Name (title)Compensation
Kyle Petty
President
$0
Jon Manafort
Vice President
$0
Terry Campbell
Treasurer
$0
Morri Irvin
Secretary
$0
Mike Heafner
Assistant Secretary
$0
Eddie Gossage
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$291,150
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$291,150
Total Program Service Revenue$0
Investment income $174,903
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$45,386
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $420,667

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