Wood City Riders Snowmobile Club

Analysis

Wood City Riders Snowmobile Club is a registered charity in United States, based in Cloquet, MN. It received its IRS tax-exemption ruling in June 1999, 27 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 December 2023, Wood City Riders Snowmobile Club reported income of $176k and spending of $175k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $176k (+197%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 109% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wood City Riders Snowmobile Club sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include Blossom Valley Athletic League ($176k), Suffolk Stan Musial Baseball League Inc ($176k) and Plaquemines Social Aid & Pleasure Club ($176k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Other salaries and wages came to $2,944. At year end it held assets of $371k against liabilities of $21k, net assets of $350k. It reported 6 employees.