North Carolina Motorsports Association
North Carolina Motorsports Association consistently generates surpluses and has grown assets significantly since 2020 with no reported officer compensation.
EIN: 10729873 · Concord, NC · NTEE: S41 · Updated: 2026-03-28
Is North Carolina Motorsports Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Carolina Motorsports Association directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Carolina Motorsports Association
North Carolina Motorsports Association (EIN: 10729873) is a nonprofit organization based in Concord, NC, classified under NTEE code S41. The organization reported total revenue of $294K and total assets of $183K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Carolina Motorsports Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Carolina Motorsports Association is a small nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $226K |
| Total Expenses | $151K |
| Surplus / Deficit | +$75K |
| Total Assets | $183K |
| Total Liabilities | $15K |
| Net Assets | $168K |
| Operating Margin | 33.2% |
| Debt-to-Asset Ratio | 8.4% |
| Months of Reserves | 14.5 months |
Financial Health Grade: A
In 2024, North Carolina Motorsports Association reported a surplus of $75K with revenue exceeding expenses, holds 14.5 months of operating reserves (strong position), has a debt-to-asset ratio of 8.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), North Carolina Motorsports Association's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +15.7% | -15.2% | +86.1% |
| 2023 | +2.9% | -2.9% | +31.3% |
| 2022 | -0.5% | +4.6% | -0.2% |
| 2021 | -13.3% | -20.2% | +17.8% |
| 2020 | -1.1% | -0.6% | -4.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates North Carolina Motorsports Association with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, North Carolina Motorsports Association allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $75K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that its leadership is either entirely volunteer-based or compensated below IRS reporting thresholds, which is a positive sign for minimizing administrative overhead relative to its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for North Carolina Motorsports Association:
- Consistent financial surpluses, particularly in 2024 ($226,226 revenue vs. $151,032 expenses).
- Significant growth in net assets from $63,628 in 2020 to $182,794 in 2024.
- No reported officer compensation, suggesting low administrative overhead or volunteer leadership.
- Consistent filing of IRS 990s, indicating good transparency practices.
- Effective expense management, generally keeping expenses below or near revenue.
Frequently Asked Questions about North Carolina Motorsports Association
Is North Carolina Motorsports Association a legitimate charity?
Based on AI analysis of IRS 990 filings, North Carolina Motorsports Association (EIN: 10729873) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does North Carolina Motorsports Association spend its money?
North Carolina Motorsports Association directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to North Carolina Motorsports Association tax-deductible?
North Carolina Motorsports Association is registered as a tax-exempt nonprofit (EIN: 10729873). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the North Carolina Motorsports Association financially stable?
Yes, the organization appears financially stable. It has consistently generated surpluses in recent years, with revenue exceeding expenses (e.g., $226,226 revenue vs. $151,032 expenses in 2024), and its assets have grown substantially from $63,628 in 2020 to $182,794 in 2024.
How has the organization's asset base changed over time?
The organization's assets have shown strong growth, increasing from $63,628 in 2020 to $182,794 in 2024, indicating effective financial management and accumulation of reserves.
Does the North Carolina Motorsports Association pay its officers?
Based on the provided IRS 990 data, the organization consistently reports 0% officer compensation across all filings, suggesting that officers are either unpaid volunteers or their compensation is below the IRS reporting threshold.
What is the trend in the organization's revenue and expenses?
Revenue has fluctuated but generally remained stable around $190,000-$220,000 annually, with a recent high of $226,226 in 2024. Expenses have generally been managed below or close to revenue, leading to consistent surpluses in recent years, particularly a significant surplus in 2024 ($226,226 revenue vs. $151,032 expenses).
Filing History
IRS 990 filing history for North Carolina Motorsports Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), North Carolina Motorsports Association's revenue has grown by 9.7%, moving from $206K to $226K. Total assets increased by 104.9% over the same period, from $89K to $183K. Total functional expenses fell by 27.6%, from $209K to $151K. In its most recent filing year (2024), North Carolina Motorsports Association reported a surplus of $75K, with revenue exceeding expenses. The organization holds $15K in liabilities against $183K in assets (debt-to-asset ratio: 8.4%), resulting in net assets of $168K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $226K | $151K | $183K | $15K | — | — |
| 2023 | $196K | $178K | $98K | $6K | — | View 990 |
| 2022 | $190K | $183K | $75K | $0 | — | View 990 |
| 2021 | $191K | $175K | $75K | $0 | — | View 990 |
| 2020 | $220K | $220K | $64K | $0 | — | — |
| 2019 | $223K | $221K | $67K | $0 | — | View 990 |
| 2018 | $215K | $223K | $67K | $0 | — | View 990 |
| 2017 | $222K | $229K | $75K | $0 | — | View 990 |
| 2016 | $198K | $215K | $83K | $0 | — | View 990 |
| 2015 | $237K | $222K | $100K | $0 | — | View 990 |
| 2014 | $212K | $214K | $86K | $19K | — | View 990 |
| 2013 | $275K | $225K | $89K | $38K | — | View 990 |
| 2012 | $188K | $171K | $77K | $62K | — | View 990 |
| 2011 | $206K | $209K | $89K | $92K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $226K, expenses of $151K, and assets of $183K (revenue +15.7% year-over-year).
- 2023: Revenue of $196K, expenses of $178K, and assets of $98K (revenue +2.9% year-over-year).
- 2022: Revenue of $190K, expenses of $183K, and assets of $75K (revenue -0.5% year-over-year).
- 2021: Revenue of $191K, expenses of $175K, and assets of $75K (revenue -13.3% year-over-year).
- 2020: Revenue of $220K, expenses of $220K, and assets of $64K (revenue -1.1% year-over-year).
- 2019: Revenue of $223K, expenses of $221K, and assets of $67K (revenue +3.5% year-over-year).
- 2018: Revenue of $215K, expenses of $223K, and assets of $67K (revenue -2.8% year-over-year).
- 2017: Revenue of $222K, expenses of $229K, and assets of $75K (revenue +12.1% year-over-year).
- 2016: Revenue of $198K, expenses of $215K, and assets of $83K (revenue -16.6% year-over-year).
- 2015: Revenue of $237K, expenses of $222K, and assets of $100K (revenue +11.7% year-over-year).
- 2014: Revenue of $212K, expenses of $214K, and assets of $86K (revenue -22.9% year-over-year).
- 2013: Revenue of $275K, expenses of $225K, and assets of $89K (revenue +46.4% year-over-year).
- 2012: Revenue of $188K, expenses of $171K, and assets of $77K (revenue -8.8% year-over-year).
- 2011: Revenue of $206K, expenses of $209K, and assets of $89K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Carolina Motorsports Association:
Data Sources and Methodology
This transparency report for North Carolina Motorsports Association 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.