Silver Bay Country Club

Analysis

Silver Bay Country Club is a registered charity in United States, based in Silver Bay, MN. It received its IRS tax-exemption ruling in March 2007, 19 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, Silver Bay Country Club reported income of $250k and spending of $232k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $171k to $250k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Silver Bay Country Club sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MN. Charities of a similar size with the same main cause include Knights Baseball Club ($250k), Legends Fastpitch ($250k) and D155 Predators Hockey Club ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 52% of the total. Other salaries and wages came to $128k. At year end it held assets of $174k against liabilities of $17k, net assets of $157k. It reported 13 employees.