Mount Itasca Nordic Ski Association

Analysis

Mount Itasca Nordic Ski Association is a registered charity in United States, based in Grand Rapids, MN. It received its IRS tax-exemption ruling in May 2004, 22 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 June 2024, Mount Itasca Nordic Ski Association reported income of $68k and spending of $38k, leaving 44% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $28k to $68k (+146%), an average of +146% a year. The sharpest change came in the year to June 2024, when income rose by 146%. Over the whole period it spent 77% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mount Itasca Nordic Ski Association sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 23rd percentile within MN. Charities of a similar size with the same main cause include Solanco Football Association ($68k), Tri-Valley Quarter Midget Racing ($68k) and Merrill Youth Softball Association Inc ($68k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.