North Shore In-Line Marathon Inc

Analysis

North Shore In-Line Marathon Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in September 1998, 28 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 December 2023, North Shore In-Line Marathon Inc reported income of $237k and spending of $293k, spending 123% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $227k to $237k (+4.7%), an average of +1.6% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, North Shore In-Line Marathon Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MN. Charities of a similar size with the same main cause include Youth Baseball of Reading Inc ($237k), USA Climbing Foundation ($237k) and Flatonia Golf Association Inc ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $37k (12% of expenses). At year end it held assets of $84k against liabilities of $55k, net assets of $29k. It reported 1 employees.