Sportsmens Club of Lake Vermilion Inc

Analysis

Sportsmens Club of Lake Vermilion Inc is a registered charity in United States, based in Cook, MN. It received its IRS tax-exemption ruling in February 1980, 46 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 June 2023, Sportsmens Club of Lake Vermilion Inc reported income of $104k and spending of $88k, spending 84% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $144k to $104k (-28%), an average of -10% a year. The sharpest change came in the year to June 2021, when income dropped by 34%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sportsmens Club of Lake Vermilion Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within MN. Charities of a similar size with the same main cause include Hudson Chorale Inc ($104k), Lake County Historical Society ($104k) and Road Runners Club of America ($104k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $148k against liabilities of $0, net assets of $148k. It reported 1 employees.