Minnesota Snowmobile Education and Advancement Fund

Analysis

Minnesota Snowmobile Education and Advancement Fund is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 2009, 17 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 March 2023, Minnesota Snowmobile Education and Advancement Fund reported income of $101k and spending of $108k, spending 107% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $71k to $101k (+43%), an average of +9.3% a year. The sharpest change came in the year to March 2020, when income rose by 65%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Minnesota Snowmobile Education and Advancement Fund sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within MN. Charities of a similar size with the same main cause include Andover Girls Softball League ($101k), McCall Nordic and Biathlon Ski Club Inc ($101k) and Monches Recreation Club Inc ($101k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.