Vasaloppet Inc

Analysis

Vasaloppet Inc is a registered charity in United States, based in Mora, MN. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 April 2023, Vasaloppet Inc reported income of $214k and spending of $209k, spending 97% of its income. Across the 4 years on record, from April 2020 to April 2023, income grew from $195k to $214k (+10%), an average of +3.3% a year. The sharpest change came in the year to April 2022, when income rose by 27%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vasaloppet Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Keren Hiba of the Greenfield Family for Assistance to Others ($214k), Alc Childrens Foundation ($214k) and Darren Daulton Foundation Inc ($214k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 20% and program service revenue 61% of the total. Other salaries and wages came to $16k. At year end it held assets of $774k against liabilities of $47k, net assets of $727k. It reported 1 employees.