Itasca Drift Skippers Snowmobile Club Inc

Analysis

Itasca Drift Skippers Snowmobile Club Inc is a registered charity in United States, based in Grand Rapids, MN. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Itasca Drift Skippers Snowmobile Club Inc reported income of $205k and spending of $120k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $93k to $205k (+119%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 87% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Itasca Drift Skippers Snowmobile Club Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Lincoln Rebels Inc ($205k), Kendall County Junior Livestock Association ($205k) and Young Women Lead Inc ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $974k against liabilities of $0, net assets of $974k.