Buffalo Rodeo Association

Analysis

Buffalo Rodeo Association is a registered charity in United States, based in Buffalo, MN. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Buffalo Rodeo Association reported income of $250k and spending of $256k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $81k to $250k (+209%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 859%. Over the whole period it spent 112% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Buffalo Rodeo Association sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MN. Charities of a similar size with the same main cause include Road Runners Club of America ($250k), Special Olympics Florida Foundation Inc ($250k) and Chisago Lakes Hockey Association ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.4% and program service revenue 96% of the total. At year end it held assets of $92k against liabilities of $27k, net assets of $65k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.