Team Gilboa Ski Club of Minnesota

Analysis

Team Gilboa Ski Club of Minnesota is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 1987, 39 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 May 2024, Team Gilboa Ski Club of Minnesota reported income of $1.1m and spending of $1.2m, spending 107% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income fell from $1.2m to $1.1m (-3.9%), an average of -1.0% a year. The sharpest change came in the year to May 2022, when income rose by 53%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Team Gilboa Ski Club of Minnesota sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Woods Project Inc ($1.1m), Lake of the Ozarks Shootout ($1.1m) and Nordic Spirit Soccer Club Inc ($1.1m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 3.0% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $93k (7.7% of expenses). Other salaries and wages came to $457k. At year end it held assets of $382k against liabilities of $110k, net assets of $272k. It reported 80 employees.