J&a Racing Foundation Inc
Only null% goes to programs Thin reserves Growing revenue
J&a Racing Foundation Inc is a 501(c)(3) organization based in Virginia Beach, Virginia, registered in 2015, with $199,037 in FY2024 revenue. CharityIndex grades it C.
3601 Shore Drive, Virginia Beach, VA, 23455 EIN 47-2437738 Since 2015
Revenue (FY2024)
$199K
▼ 1.7% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$198K
Net assets
$12K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for J&a Racing Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For J&a Racing Foundation Inc: 1 mo reserves · +0% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for J&a Racing Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For J&a Racing Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 3601 Shore Drive, Virginia Beach, VA, 23455
- City
- Virginia Beach
- State
- Virginia
- Category
- Public & Societal Benefit
- Subcategory
- Support Foundations & Fundraising
Financial trends
Revenue grew from $131K (FY2015) to $199K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $12K
Operating margin
0.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$12K
Total liabilities
$0
Net assets
$12K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $199,037▼1.7% | $198,410▲3.4% | $11,739▲7.1% | $11,739▲7.1% | 990PF |
| 2023 | $202,547▲474% | $191,823▲403% | $10,960▲4544% | $10,960▲4544% | 990PF |
| 2022 | $35,300▲1312% | $38,129▲694% | $236▼92.3% | $236▼92.3% | 990PF |
| 2021 | $2,500▼88.5% | $4,805▼71.1% | $3,065▼42.9% | $3,065▼42.9% | 990PF |
| 2020 | $21,753▼45.9% | $16,633▼61.2% | $5,370▲2048% | $5,370▲2048% | 990PF |
| 2019 | $40,237▲17.8% | $42,873▲29.2% | $250▼91.3% | $250▼91.3% | 990PF |
| 2018 | $34,160▲675% | $33,174▼18.6% | $2,886▲51.9% | $2,886▲51.9% | 990PF |
| 2017 | $4,407▼84.7% | $40,736▼41.6% | $1,900▼95.0% | $1,900▼95.0% | 990PF |
| 2016 | $28,879▼77.9% | $69,719▲35.5% | $38,229▼51.7% | $38,229▼51.7% | 990PF |
| 2015 | $130,517 | $51,448 | $79,069 | $79,069 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is J&a Racing Foundation Inc a legitimate nonprofit?
- Yes. J&a Racing Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-2437738, based in Virginia Beach, Virginia. Donations are tax-deductible.
- What is J&a Racing Foundation Inc's EIN?
- J&a Racing Foundation Inc's Employer Identification Number (EIN) is 47-2437738.
- How much revenue does J&a Racing Foundation Inc report?
- J&a Racing Foundation Inc reported $199,037 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does J&a Racing Foundation Inc have?
- CharityIndex grades J&a Racing Foundation Inc C, based on financial health (reserves and operating margin).
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Data for J&a Racing Foundation Inc (EIN 47-2437738) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.