Minnesota Boat Club

Analysis

Minnesota Boat Club is a registered charity in United States, based in Mendota HTS, MN. It received its IRS tax-exemption ruling in June 1991, 35 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 December 2023, Minnesota Boat Club reported income of $179k and spending of $132k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $120k to $179k (+49%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 295%. Over the whole period it spent 70% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Minnesota Boat Club sits at the 65th percentile: it is larger than about 65% 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 Women Anglers of Minnesota ($179k), Dallas Center Grimes Booster Club ($179k) and Sports Quest ($179k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 56% of the total. At year end it held assets of $862k against liabilities of $31k, net assets of $831k.