Minot Indoor Rodeo Inc

Analysis

Minot Indoor Rodeo Inc is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in August 2011, 15 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, Minot Indoor Rodeo Inc reported income of $381k and spending of $366k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $371k to $381k (+2.8%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 356%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Minot Indoor Rodeo Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 61st percentile within ND. Charities of a similar size with the same main cause include Altitude Youth Ultimate ($381k), Western Michigan University Skating Club ($381k) and First Tee of Benton Harbor Inc ($381k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $176k against liabilities of $0, net assets of $176k.