Minnesota Valley Snow Riders- Redwood

Analysis

Minnesota Valley Snow Riders- Redwood is a registered charity in United States, based in Redwood Falls, MN. It received its IRS tax-exemption ruling in November 2010, 16 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, Minnesota Valley Snow Riders- Redwood reported income of $94k and spending of $133k, spending 143% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $279k to $94k (-66%), an average of -30% a year. The sharpest change came in the year to December 2021, when income dropped by 66%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Minnesota Valley Snow Riders- Redwood sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within MN. Charities of a similar size with the same main cause include Parks Field Dixie Youth Baseball ($94k), Girls Rock Camp Austin ($94k) and Community Care & Service Corporation of Freeport MN ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1,398 (1.0% of expenses). At year end it held assets of $154k against liabilities of $0, net assets of $154k.

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.