The Twin Cities River Rats

Analysis

The Twin Cities River Rats is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2002, 24 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 September 2023, The Twin Cities River Rats reported income of $201k and spending of $149k, leaving 26% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $176k to $201k (+14%), an average of +3.3% a year. The sharpest change came in the year to September 2021, when income rose by 256%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Twin Cities River Rats sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within MN. Charities of a similar size with the same main cause include Adaptive Action Sports Inc ($201k), Pacesetter Soccer Club South ($201k) and Kent Island Youth Baseball & Softball Club Inc ($201k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% of the total. It paid $2,412 in professional fundraising fees. At year end it held assets of $320k against liabilities of $126k, net assets of $194k.