Ely Igloo Snowmobile Club Inc

Analysis

Ely Igloo Snowmobile Club Inc is a registered charity in United States, based in Ely, MN. It received its IRS tax-exemption ruling in February 2022, 4 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, Ely Igloo Snowmobile Club Inc reported income of $335k and spending of $176k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $106k to $335k (+216%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 75% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ely Igloo Snowmobile Club Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within MN. Charities of a similar size with the same main cause include Foundation for Frostburg Inc ($335k), Re-Creation Unlimited Incorporated ($335k) and Rocky River Parks and Recreation Foundation ($335k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Other salaries and wages came to $37k. At year end it held assets of $523k against liabilities of $174k, net assets of $349k. It reported 12 employees.