Racing For Charity Inc
- Assets
- $61.5k
- Revenue
- $322.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Twin Falls, ID
- Founding
- Data as of
- 12/2022
- EIN
- 85-3160982
Organization Overview
Racing For Charity Inc is located in Twin Falls, ID. According to its NTEE Classification (P01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racing For Charity 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 12/2022, Racing For Charity Inc generated $322.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 64.1% each year . All expenses for the organization totaled $312.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Racing For Charity Inc has awarded 41 individual grants totaling $440,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penelope Parker President | 0 | $0 | |
Kaylynne Rolig Director | 0 | $0 | |
Ann Lively Director | 0 | $0 | |
Kelly Peterson Co-Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $124,674 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $197,782 |
| Total Revenue | $322,456 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,836 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $74,386 |
| Total operating and administrative expenses | $82,722 |
| Contributions, gifts, grants paid | $230,000 |
| Total expenses and disbursements | $312,722 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,934 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $2,585 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $61,519 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Racing For Charity Inc has awarded $230,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
JUMP COMPANY PURPOSE: FUNDING | $11,500 |
Twin Falls, ID PURPOSE: FUNDING | $11,500 |
IDAHO LEGAL AID SERVICES IN PURPOSE: FUNDING | $11,500 |
Twin Falls, ID PURPOSE: FUNDING | $11,500 |
JEROME SENIOR CITIZEN SVC CTR INC PURPOSE: FUNDING | $11,500 |
Rupert, ID PURPOSE: FUNDING | $11,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Racing For Charity Inc has recieved totaling $17,000.
| Awarding Organization | Amount |
|---|---|
Whitten-Welch Foundation Inc Twin Falls, ID PURPOSE: CHARITABLE | $17,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Momsrising Together Bellevue, WA | $11,225,670 | $12,518,621 |
Disability Rights Washington Seattle, WA | $5,048,951 | $4,749,695 |
Saving Grace Imagine Life Without Violence Bend, OR | $2,417,947 | $2,926,561 |
Ashland Supportive Housing And Community Outreach Inc Ashland, OR | $2,755,753 | $1,827,769 |
Family Forward Oregon Portland, OR | $1,514,912 | $1,479,408 |
Our Oregon Portland, OR | $82,350 | $959,156 |
Cars 4 Kids Foundation Inc Salt Lake City, UT | $90,854 | $255,309 |
Churchill Community Coalition Fallon, NV | $103,127 | $541,618 |
Abundant Life Wa Marysville, WA | $69,959 | $545,500 |
Racing For Charity Inc Twin Falls, ID | $61,519 | $322,456 |
Life Choices Of Wenatchee Valley Wenatchee, WA | $177,926 | $319,762 |
Zip Foundation Carson City, NV | $1,541,687 | $267,903 |