MOTORSPORTS CHARITIES INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$7,885,256
Cash & Equivalents
98%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$367,987
Deferred Revenue
56%
Payables & Accruals
38%
Other Liabilities
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,949,311
$7,723,927
+11%
Receivables (Non-Related)
$83,360
$142,794
+71%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$4,846
$18,535
+282%
Investments
-
-
-
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$16,262
$0
-100%
Total Assets
$7,053,779
$7,885,256
+12%
Liabilities
2023
2024
Change
Payables & Accruals
$162,418
$140,029
-14%
Grants Payable
-
-
-
Deferred Revenue
$205,587
$204,582
0%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$23,376
-
Total Liabilities
$368,005
$367,987
0%
Net assets
2023
2024
Change
Restricted Net Assets
$914,823
$1,274,635
+39%
Unrestricted Net Assets
$5,770,951
$6,242,634
+8%
Net assets
2023
2024
Change
Net assets
+$6,685,774
+$7,517,269
+12%
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