Quick charity verification for Winnemucca Regional Raceway Association (EIN: 10642229)
Verdict: Winnemucca Regional Raceway Association appears trustworthy
85/100Mission Score
$162KRevenue
$20KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Zero officer compensation, indicating volunteer leadership and high efficiency.
Consistent revenue growth, from $18,941 in 2016 to $161,557 in 2022.
No reported liabilities, suggesting strong financial management and no debt burden.
Expenses closely match revenue, indicating efficient use of funds.
Consistent filing of IRS 990 forms, demonstrating transparency and compliance.
Spending Breakdown
How Winnemucca Regional Raceway Association allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Winnemucca Regional Raceway Association
Is Winnemucca Regional Raceway Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Winnemucca Regional Raceway Association (EIN: 10642229) appears trustworthy. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
Is Winnemucca Regional Raceway Association a good charity to donate to?
Winnemucca Regional Raceway Association has a Mission Score of 85/100. Revenue: $162K. Assets: $20K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Winnemucca Regional Raceway Association?
The Employer Identification Number (EIN) for Winnemucca Regional Raceway Association is 10642229. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Winnemucca Regional Raceway Association spend its money?
Winnemucca Regional Raceway Association allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Winnemucca Regional Raceway Association's tax-exempt status?
You can verify Winnemucca Regional Raceway Association's tax-exempt status using EIN 10642229 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Winnemucca Regional Raceway Association demonstrates consistent financial activity, with revenues closely matching expenses across its filing history. In the latest period (202212), the organization reported revenue of $161,557 against expenses of $159,846, indicating a very lean operational margin. The organization's assets are modest, standing at $19,745 in 2022, with no reported liabilities, suggesting a fiscally conservative approach and minimal debt burden. The absence of officer compensation reported in all available filings points to a volunteer-driven leadership structure, which significantly contributes to spending efficiency by reducing administrative overhead.
While specific program spending details are not provided in the summary data, the tight revenue-to-expense ratio and zero officer compensation imply that a substantial portion of funds is likely directed towards its mission-related activities. The organization's growth in revenue from $18,941 in 2016 to $161,557 in 2022 indicates increasing community engagement and support. However, without a detailed breakdown of expenses beyond the summary, it's challenging to fully assess the precise allocation between programs, administration, and fundraising. The consistent filing of IRS 990 forms over 12 periods demonstrates a commitment to regulatory compliance and basic financial transparency.