Itasca Ski & Outing Club Incorporated

Analysis

Itasca Ski & Outing Club Incorporated is a registered charity in United States, based in Coleraine, MN. It received its IRS tax-exemption ruling in February 2000, 26 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 August 2024, Itasca Ski & Outing Club Incorporated reported income of $306k and spending of $300k, spending 98% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $175k to $306k (+75%), an average of +15% a year. The sharpest change came in the year to August 2021, when income rose by 55%. Over the whole period it spent 115% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Itasca Ski & Outing Club Incorporated sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Flushing Meadows Corona Park Improvement Fund Inc ($306k), Peccole Little League ($307k) and Duke City Soccer League ($306k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 66% and program service revenue 32% of the total. Other salaries and wages came to $98k. At year end it held assets of $249k against liabilities of $17k, net assets of $232k. It reported 28 employees.