Elks Quarterback Club

Analysis

Elks Quarterback Club is a registered charity in United States, based in Elk River, MN. It received its IRS tax-exemption ruling in March 1999, 27 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 July 2024, Elks Quarterback Club reported income of $101k and spending of $124k, spending 122% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income grew from $100k to $101k (+1.6%), an average of +0.4% a year. The sharpest change came in the year to July 2022, when income rose by 53%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Elks Quarterback Club sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within MN. Charities of a similar size with the same main cause include Abington Junior Comets Football Club Inc ($101k), Grand Lake Baseball Club Inc ($101k) and Little League Baseball Inc ($101k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 4.9% and program service revenue 50% of the total. At year end it held assets of $11k against liabilities of $26k, net assets of -$15k.