Minnesota Youth Ski League

Analysis

Minnesota Youth Ski League is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Minnesota Youth Ski League reported income of $417k and spending of $420k, spending 101% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $211k to $417k (+98%), an average of +19% a year. The sharpest change came in the year to May 2020, when income rose by 33%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Minnesota Youth Ski League sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Riding with Heart ($417k), Little Learners Tricounty Child Development Center ($417k) and Louisiana Food Policy Action Council Inc ($417k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 12% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $63k (15% of expenses). Other salaries and wages came to $60k. At year end it held assets of $278k against liabilities of $1,826, net assets of $276k. It reported 3 employees.