Community Booster Club of Cold Spring Minnesota

Analysis

Community Booster Club of Cold Spring Minnesota is a registered charity in United States, based in Cold Spring, MN. It received its IRS tax-exemption ruling in July 1993, 33 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 August 2023, Community Booster Club of Cold Spring Minnesota reported income of $138k and spending of $118k, spending 85% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $145k to $138k (-4.3%), an average of -1.1% a year. The sharpest change came in the year to August 2021, when income rose by 4128%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Community Booster Club of Cold Spring Minnesota sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within MN. Charities of a similar size with the same main cause include Indiana Golden Gloves Inc ($138k), Northern Nevada Junior Golf Association ($138k) and Dana Point Outrigger Canoe Club ($138k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 9.8% of the total. At year end it held assets of $174k against liabilities of $6,934, net assets of $167k. It reported 4 employees.