Muddy Sneakers Inc

Analysis

Muddy Sneakers Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 June 2023, Muddy Sneakers Inc reported income of $1.7m and spending of $1.3m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.7m (+63%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 75%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Muddy Sneakers Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Echo Ministries Inc ($1.7m), Bach Festival Society of Winter Park ($1.7m) and Compass College of Cinematic Arts ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $106k (8.0% of expenses). Other salaries and wages came to $868k. At year end it held assets of $2.0m against liabilities of $48k, net assets of $2.0m. It reported 41 employees.