Racetrack Ministry
Racetrack Ministry: Small Scale, Consistent Operations
EIN: 222880458 · Salem, NH · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $31K |
| Total Expenses | $39K |
| Program Spending | 65% |
| Net Assets | $61K |
| Transparency Score | 65/100 |
Is Racetrack Ministry Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Racetrack Ministry directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Racetrack Ministry
Racetrack Ministry (EIN: 222880458) is a nonprofit organization based in Salem, NH. The organization reported total revenue of $31K and total assets of $49K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Racetrack Ministry's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Racetrack Ministry is a micro nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $26K |
| Total Expenses | $39K |
| Surplus / Deficit | $-13,696 |
| Total Assets | $61K |
| Net Assets | $61K |
| Operating Margin | -53.2% |
| Months of Reserves | 18.6 months |
Financial Health Grade: B
In 2023, Racetrack Ministry reported a deficit of $14K with expenses exceeding revenue, holds 18.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Racetrack Ministry's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -36.6% | +39.1% | -18.3% |
| 2022 | +46.7% | +25.3% | +19.6% |
| 2021 | +51.8% | +70.8% | +8.8% |
| 2020 | -21.5% | +4.1% | +9.5% |
| 2019 | +7.2% | -34.6% | +25.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Racetrack Ministry with a Mission Score of 65 out of 100 (Good). 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: 65%
- fundraising: 20%
According to IRS 990 filings, Racetrack Ministry allocates its expenses as follows: admin: 15%, programs: 65%, fundraising: 20%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is not reported in the provided financial data, suggesting it is below reporting thresholds or not applicable for this small organization.
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.
Red Flags
The following concerns were identified during AI analysis of Racetrack Ministry's IRS 990 filings:
- Lack of detailed program descriptions or impact metrics makes it difficult to assess effectiveness.
- Minimal public presence beyond basic financial filings.
Strengths
The following positive indicators were identified for Racetrack Ministry:
- Consistent revenue and asset levels over several years, indicating stable operations.
- Low administrative overhead based on available financial data.
Frequently Asked Questions about Racetrack Ministry
Is Racetrack Ministry a legitimate charity?
Racetrack Ministry (EIN: 222880458) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $31K. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Racetrack Ministry spend its money?
Racetrack Ministry directs 65% of its spending to programs and services. Fundraising costs 20%. This meets the 65% industry benchmark.
Are donations to Racetrack Ministry tax-deductible?
Racetrack Ministry is registered as a tax-exempt nonprofit (EIN: 222880458). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Racetrack Ministry's spending goes to programs?
Racetrack Ministry directs 65% to programs, 20% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Racetrack Ministry located?
Racetrack Ministry is headquartered in Salem, New Hampshire and files with the IRS under EIN 222880458.
How many years of IRS 990 filings does Racetrack Ministry have?
Racetrack Ministry has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $31K in total revenue.
What does Racetrack Ministry do?
Racetrack Ministry is a nonprofit organization in the Unknown sector, located in Salem, New Hampshire. It is classified under NTEE code Unknown.
How much revenue does Racetrack Ministry have?
Racetrack Ministry reported total revenue of $31,282. Based on 13 IRS 990 filings on record.
What are Racetrack Ministry's total assets?
Racetrack Ministry holds total assets of $49,052 as reported in IRS 990 filings.
Where is Racetrack Ministry located?
Racetrack Ministry is based in Salem, New Hampshire.
What is Racetrack Ministry's EIN?
Racetrack Ministry's Employer Identification Number (EIN) is 222880458. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Racetrack Ministry?
Racetrack Ministry is classified under NTEE code Unknown (Unknown).
Is Racetrack Ministry a registered 501(c)(3)?
Racetrack Ministry appears in IRS records (EIN: 222880458). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Racetrack Ministry file IRS Form 990?
Yes, Racetrack Ministry has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Racetrack Ministry's revenue in 2023?
In the 202312 filing period, Racetrack Ministry reported total revenue of $25,763, total expenses of $39,459, and net assets of $61,047.
Is Racetrack Ministry's revenue growing or declining?
Racetrack Ministry's revenue is declining. Revenue went from $40,611 (202212) to $25,763 (202312), a -36.6% change. Based on 13 filings on record.
What is Racetrack Ministry's most recent 990 filing?
The most recent IRS Form 990 filing for Racetrack Ministry covers tax period 202312. It shows revenue of $25,763, expenses of $39,459, total assets of $61,047, and liabilities of N/A.
How much does Racetrack Ministry spend on programs vs administration?
Based on IRS 990 analysis, Racetrack Ministry allocates approximately 65% of expenses to program services, 15% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Racetrack Ministry a trustworthy charity?
Based on AI analysis of IRS 990 data, Racetrack Ministry shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Racetrack Ministry?
The following concerns were identified: Lack of detailed program descriptions or impact metrics makes it difficult to assess effectiveness.. Minimal public presence beyond basic financial filings.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Racetrack Ministry's strengths?
Positive indicators for Racetrack Ministry include: Consistent revenue and asset levels over several years, indicating stable operations.. Low administrative overhead based on available financial data.. These findings are derived from AI analysis of the organization's financial filings.
How does Racetrack Ministry compensate executives?
Executive compensation is not reported in the provided financial data, suggesting it is below reporting thresholds or not applicable for this small organization. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'Racetrack Ministry' name, what specific activities or services does the organization provide to the racetrack community?
The provided data does not specify the exact nature of the 'ministry' or the services offered to the racetrack community. Further investigation into their mission statement or program descriptions would be necessary.
Filing History
IRS 990 filing history for Racetrack Ministry showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Racetrack Ministry's revenue has grown by 131.2%, moving from $11K to $26K. Total assets increased by 84% over the same period, from $33K to $61K. Total functional expenses rose by 90.5%, from $21K to $39K. In its most recent filing year (2023), Racetrack Ministry reported a deficit of $14K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $26K | $39K | $61K | $0 | — | View 990 |
| 2022 | $41K | $28K | $75K | $0 | — | — |
| 2021 | $28K | $23K | $62K | $0 | — | View 990 |
| 2020 | $18K | $13K | $57K | $0 | — | — |
| 2019 | $23K | $13K | $52K | $0 | — | View 990 |
| 2018 | $22K | $19K | $42K | $0 | — | View 990 |
| 2017 | $33K | $23K | $40K | $0 | — | View 990 |
| 2016 | $24K | $30K | $30K | $0 | — | View 990 |
| 2015 | $20K | $20K | $36K | $0 | — | View 990 |
| 2014 | $23K | $23K | $35K | $0 | — | View 990 |
| 2013 | $24K | $14K | $35K | $0 | — | View 990 |
| 2012 | $16K | $24K | $25K | $0 | — | View 990 |
| 2011 | $11K | $21K | $33K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26K, expenses of $39K, and assets of $61K (revenue -36.6% year-over-year).
- 2022: Revenue of $41K, expenses of $28K, and assets of $75K (revenue +46.7% year-over-year).
- 2021: Revenue of $28K, expenses of $23K, and assets of $62K (revenue +51.8% year-over-year).
- 2020: Revenue of $18K, expenses of $13K, and assets of $57K (revenue -21.5% year-over-year).
- 2019: Revenue of $23K, expenses of $13K, and assets of $52K (revenue +7.2% year-over-year).
- 2018: Revenue of $22K, expenses of $19K, and assets of $42K (revenue -35.2% year-over-year).
- 2017: Revenue of $33K, expenses of $23K, and assets of $40K (revenue +41.5% year-over-year).
- 2016: Revenue of $24K, expenses of $30K, and assets of $30K (revenue +16.2% year-over-year).
- 2015: Revenue of $20K, expenses of $20K, and assets of $36K (revenue -10.5% year-over-year).
- 2014: Revenue of $23K, expenses of $23K, and assets of $35K (revenue -4.8% year-over-year).
- 2013: Revenue of $24K, expenses of $14K, and assets of $35K (revenue +48.9% year-over-year).
- 2012: Revenue of $16K, expenses of $24K, and assets of $25K (revenue +43.8% year-over-year).
- 2011: Revenue of $11K, expenses of $21K, and assets of $33K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Racetrack Ministry:
Data Sources and Methodology
This transparency report for Racetrack Ministry 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.