Skip to the page content
Your donations
Passes our checks

International Association of Indianapolis 500 Oltimers Inc

EIN 35-1842139 · Speedway, IN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood84 out of 100GovernanceNot ratedThe short tax form does not cover thisImpact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE EDUCATION AND GUIDANCE FOR THE YOUNGER RACING GENERATION, PROVIDE SUITABLE RECOGNITION FOR OUTSTANDING PARTICIPANTS OF THE INDIANAPOLIS 500. TO SPONSOR ACTS OF CHARITY, CULTURE AND EDUCATION, COMPILATION AND PRESERVATION OF HISTORICAL FACTS CONCERNING THE RACE, COMPETING CARS AND THE RACING PERSONNEL ENTERED FOR THE PURPOSE OF PARTICIPATING IN THE EVENT FROM THE INAUGURAL RACE TO THE PRESENT. PROMOTE SOCIAL ENJOYMENT AND FELLOWSHIP AMONG ITS MEMBERS AND TO FURTHER INTEREST OF AUTO RACING IN GENERAL.

Income
$60,609
Spending
$68,651
Reserves
83 months of spending
Largest source of income
donations and private grants, 53%
Highest pay
$12,150, secretary/treasurer

Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 84 out of 100. Higher than 65% of charities in its peer group (arts and culture, under $250k).

  • Reserves

    35 of 35

    Spendable reserves would cover 83.0 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 13% of income.

Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.

Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $10,129 spent. PROMOTE EDUCATION ABOUT THE INDIANAPOLIS 500 RACE AND PERFORM CHARITABLE ACTIVITIES BUILT AROUND THE RACE. INCLUDES CREATING A ROSTER BOOK EVERY TWO YEARS, WHICH IS THEN SOLD TO PROMOTE THE ORGANIZATION'S EXEMPT PURPOSE.
  2. $12,489 spent. CREATE A NEWSLETTER THAT IS PUBLISHED FOUR TIMES A YEAR AND MAILED TO OUR MEMBERS, KEEPING THEM UP TO DATE WITH THE ORGANIZATIONS ACTIVITIES AND EVENTS SURROUNDING THE INDIANAPOLIS 500 RACE.
  3. $12,191 spent. HOLD SOCIAL EVENTS TO PROMOTE UNITY AMONG OUR MEMBERS. THIS INCLUDES HOLDING AN ANNUAL BARBECUE FOR THE MEMBERS, MAKING MEMBERSHIP CARDS AND PINS TO BE WORN AT ORGANIZATION EVENTS TROPHIES AND OTHER AWARDS TO BE GIVEN AT OUR ANNUAL DINNER, AND TO SETUP A HOSPITALITY ROOM FOR OUR MEMBERS DURING RACE SEASON.

Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2006.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.