Club Mesabi Inc

Analysis

Club Mesabi Inc is a registered charity in United States, based in Eveleth, MN. It received its IRS tax-exemption ruling in August 2007, 19 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Club Mesabi Inc reported income of $190k and spending of $148k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $118k to $190k (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 215%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Club Mesabi Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within MN. Charities of a similar size with the same main cause include Northeast Oportunities for Wellness Inc ($190k), Amateur Athletic Union of the United States ($190k) and Little League Baseball Inc ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $40k (27% of expenses). Other salaries and wages came to $7,220. At year end it held assets of $119k against liabilities of $1,561, net assets of $118k. It reported 3 employees.