Petty Family Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
The Petty Foundation has a strong belief in family values, integrity, education and compassion for others. It is these ideals upon which we build our foundation, giving back to our community and those in need. We aspire to enrich the lives of families affected by serious illness and injury through a variety of charitable events and educational programs. With the help of others, the Petty Family Foundation will build stronger communities as well as bring joy to the lives of those in need.The Foundation's charitable focus is to raise funds primarily for the Victory Junction Gang Camp and Paralyzed Veterans of America and other public charities. The Foundation's fundraising endeavors include the Richard Petty Charity Golf Classic and charity auctions. Through our efforts, the Foundation intends to raise funds to be distributed to Victory Junction to maintain and improve housing facilities and provide new programming for the terminally ill junior campers at Victory Junction. Proceeds will
- Income
- $198,860
- Spending
- $306,840
- Spent on programs
- 65%
- Reserves
- 5.1 months of spending
- Largest source of income
- donations and private grants, 70%
- Employees
- 7
- Volunteers
- 8
- Highest pay
- $54,642, treasurer
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 55 out of 100. Higher than 18% of charities in its peer group (philanthropy, under $250k).
Reserves
20 of 35Spendable reserves would cover 5.1 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
0 of 15Spending exceeded income by 54% of income.
Income trend
0 of 15Income fell 53% on the year before.
Spending floor
15 of 1565% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 88 out of 100. Higher than 80% of charities in its peer group (philanthropy, under $250k).
Independent board
25 of 255 of 7 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 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 (1)
- $199,942 spent. The Foundation's charitable focus is to raise funds primarily for the Victory Junction Gang Camp and Paralyzed Veterans of America and other public charities. The Foundation's fundraising endeavors include the Richard Petty Charity Golf Classic and charity auctions. Through our efforts, the Foundation intends to raise funds to be distributed to Victory Junction to maintain and improve housing facilities and provide new programming for the terminally ill junior campers at Victory Junction. Proceeds will also be distributed to Paralyzed Veterans of America to be used to improve the quality of life of paralyzed veterans and other persons with disabilities by expanding opportunities in sports and recreation, especially activities which enhance lifetime health and fitness.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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.
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 October 13, 2026.
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.
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.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 2010.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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 October 21, 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.