Waterford Warriors Snowmobile Club Inc

Analysis

Waterford Warriors Snowmobile Club Inc is a registered charity in United States, based in Northfield, MN. It received its IRS tax-exemption ruling in September 1997, 29 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 June 2023, Waterford Warriors Snowmobile Club Inc reported income of $69k and spending of $86k, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $140k to $69k (-51%), an average of -16% a year. The sharpest change came in the year to June 2023, when income rose by 83%. 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, Waterford Warriors Snowmobile Club Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within MN. Charities of a similar size with the same main cause include Greater Renton-Tukwila Youth Soccer Association ($69k), Real Sports ($69k) and North County Margarita Officials Association Inc ($69k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 20% of the total. At year end it held assets of $287k against liabilities of $0, net assets of $287k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.