Warroad Memorial Arena Association Inc

Analysis

Warroad Memorial Arena Association Inc is a registered charity in United States, based in Warroad, MN. It received its IRS tax-exemption ruling in November 1984, 42 years ago. 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 2024, Warroad Memorial Arena Association Inc reported income of $629k and spending of $613k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $414k to $629k (+52%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 399%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Warroad Memorial Arena Association Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Tillicum Foundation ($629k), Eit ICT Labs Silicon Valley Foundation ($630k) and Junction Center for Independent Living Inc ($629k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 61% and program service revenue 32% of the total. Other salaries and wages came to $112k. At year end it held assets of $3.2m against liabilities of $3,862, net assets of $3.2m. It reported 17 employees.