The IRS granted the 59-year-old NHRA tax-exempt status as a nonprofit “business league,” also known as a 501(c)(6) for the relevant section of the U.S. Tax Code. While there’s no tax on profits, donors cannot deduct any contributions.
Who owns the NHRA?
The NHRA Camping World Drag Racing Series, the national event series which comprises 24 races each year, is the premier series in drag racing that brings together the best drag racers from across North America and the world.
National Hot Rod Association.
Who sponsors the NHRA?
In the new millennium, NHRA joined forces with The Coca-Cola Company for a partnership now in its 19th year of presenting the world’s fastest motorsports attraction and fifth year with Mello Yello as the flagship sponsor of the national touring series, the NHRA Mello Yello Drag Racing Series.
What tracks does the NHRA own?
NHRA owns and operates four racing facilities: Atlanta Dragway in Georgia; Gainesville Raceway in Florida; Lucas Oil Raceway at Indianapolis; and Auto Club Raceway at Pomona in Southern California.
What does NHRA drag racing stand for?
NHRA – National Hot Rod Association.
How much is John Force worth?
John Force net worth: John Force is an American drag racer, Funny Car driver, and car owner who has a net worth of $20 million dollars. With 15 NHRA Championship wins and a total of 132 wins overall, John Force has dominated his field for over 30 years.
What is the biggest NHRA race of the year?
By any measure – be it prestige, history, longevity, prize money, importance, or the sheer mind-boggling numbers of race cars involved and passes that will take place Labor Day weekend at Lucas Oil Raceway at Indianapolis – the Chevrolet Performance U.S. Nationals is the largest drag race in the world.
Is NHRA suing Coca-Cola?
The NHRA is suing its sponsor Coca-Cola after Coke officials told the racing series that it was ending its sponsorship, a deal the NHRA says was supposed to run through 2023. In the lawsuit, NHRA claims that Coca-Cola missed a $2.86 million payment in May, 2020.
Why did Coke stop sponsoring NHRA?
The Coca-Cola Co has rejected allegations that it is exploiting the coronavirus pandemic to walk away from a US$34m sponsorship deal with a US motorsports group. The soft drinks company said the claim, made in a lawsuit by the National Hot Rod Association (NHRA), was unfounded and will be challenged.
Why did Coke pull out of NHRA?
The NHRA revealed on September 21, 2020, in a conference call with its stakeholders, nearly two-decade series sponsor Coca-Cola had pulled out of its agreement citing the global pandemic as its reason. The title sponsorship with NHRA was contracted through 2023.
Has NHRA races been Cancelled?
The NHRA and Wild Horse Pass Motorsports Park announced on Friday that the he 2021 NHRA Arizona Nationals, originally scheduled for April 23-25, has been cancelled, leaving an opening on the 2021 schedule. …
How long do NHRA events last?
What to Expect. Unlike a typical three-hour football game or two-hour concert, NHRA Drag Racing is an all-day affair. The best advice for fans might well be the same advice given to the teams you’re coming to watch: Come early, stay late, and be prepared.
How much does nitromethane cost per gallon?
Nitromethane used to power the engines of NHRA Top Fuel dragsters and Funny Cars costs about $16 US per gallon!
How much does a NHRA Funny Car Cost?
Today, fielding a Funny Car team can cost between US$2.6 and US$3 million. A single carbon fiber body can cost US$70,000. Nitro Funny Car racing in 2020 has become a one-team, one-manufacturer monopoly.
Most NHRA Funny Car wins.
How fast do drag cars go 0 60?
A top fuel dragster accelerates from a standstill to 100 mph (160 km/h) in as little as 0.8 seconds (less than one third the time required by a production Porsche 911 Turbo to reach 60 mph (100 km/h)) and can exceed 297 mph (478 km/h) in just 660 feet (200 m).