Competitive Edge Racing
EIN: 832582836 · West Suffield, CT · NTEE: N12
Is Competitive Edge Racing Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Competitive Edge Racing
Competitive Edge Racing (EIN: 832582836) is a nonprofit organization based in West Suffield, CT, classified under NTEE code N12. The organization reported total revenue of $243K and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Competitive Edge Racing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Competitive Edge Racing has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Competitive Edge Racing with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Frequently Asked Questions about Competitive Edge Racing
Is Competitive Edge Racing a legitimate charity?
Based on AI analysis of IRS 990 filings, Competitive Edge Racing (EIN: 832582836) insufficient data. 0 red flags identified, 0 strengths noted.
How does Competitive Edge Racing spend its money?
Detailed spending breakdown data is not yet available for Competitive Edge Racing. Check back for updated IRS 990 analysis.
Are donations to Competitive Edge Racing tax-deductible?
Competitive Edge Racing is registered as a tax-exempt nonprofit (EIN: 832582836). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Competitive Edge Racing showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Competitive Edge Racing's revenue has grown by 195.8%, moving from $79K to $232K. Total assets decreased by 11.5% over the same period, from $55K to $48K. Total functional expenses rose by 230.9%, from $77K to $254K. In its most recent filing year (2023), Competitive Edge Racing reported a deficit of $22K, with expenses exceeding revenue. The organization holds $62K in liabilities against $48K in assets (debt-to-asset ratio: 128.2%), resulting in net assets of $-13,650.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $232K | $254K | $48K | $62K | — | — |
| 2022 | $79K | $77K | $55K | $46K | — | View 990 |
Data Sources and Methodology
This transparency report for Competitive Edge Racing is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.