Charity Search / RACING THOUGHTS INC
Arts, Culture & Humanities (A620) 990 on File

RACING THOUGHTS INC

EIN: 13-3835811 · BROOKLYN, NY 11238-5905 · United States · FY 2025 Data
3 out of 5 52 / 100 Based on 2+ years of filings
Financial strength (30%) 86/100
Reliability (20%) 55/100
Effectiveness (25%) 61/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2025
$54K
Total Revenue
$40K
Total Expenses
$143K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 75.1%
Fundraising Efficiency N/A
Operating Reserve 43.14x
Liability-to-Asset 1.9%
Revenue Diversification 88.1%
Compared with Peers
FY 2025
Compared with 8,067 similar organizations (United States, Arts, Culture & Humanities, under $100K in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
75.1% 82.0%
P10P90
Below median
Operating reserve
Months of expenses covered by net assets · higher is better
43.1 mo 16.0 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
1.9% 0.0%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
88.1% 86.5%
P10P90
Below median
Revenue growth
Year over year revenue growth
-45.1% 0.0%
P10P90
Expense growth
Year over year expense growth
-50.9% 0.5%
P10P90
Surplus margin
Surplus as a share of revenue
26.2% 9.1%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $54K $40K $143K 75.1% —
2024 $98K $81K $128K 82.8% —
2023 $97K $123K $111K 89.0% —
2022 $48K $38K $137K 86.1% —
2021 $91K $26K N/A — 1
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Organization Details
EIN
13-3835811
State
NY
City
BROOKLYN
ZIP
11238-5905
Classification
A620
Category
Arts, Culture & Humanities
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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