Rapids Mat Backers Inc

Analysis

Rapids Mat Backers Inc is a registered charity in United States, based in Wisc Rapids, WI. It received its IRS tax-exemption ruling in May 1987, 39 years ago. 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 July 2024, Rapids Mat Backers Inc reported income of $81k and spending of $69k, spending 85% of its income. Across the 3 years on record, from July 2021 to July 2024, income grew from $7,908 to $81k (+926%), an average of +220% a year. The sharpest change came in the year to July 2023, when income rose by 803%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rapids Mat Backers Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within WI. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($81k), Bar X Project Inc ($81k) and Dauphin Island Foundation ($81k).

On its Form 990-EZ for the period ending July 2024, revenue came from program service revenue 93% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.