Mobridge Rodeo Foundation

Analysis

Mobridge Rodeo Foundation is a registered charity in United States, based in Mobridge, SD. It received its IRS tax-exemption ruling in August 2015, 11 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, Mobridge Rodeo Foundation reported income of $102k and spending of $73k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $252k to $102k (-60%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 53%. Over the whole period it spent 30% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mobridge Rodeo Foundation sits at the 47th 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 32nd percentile within SD. Charities of a similar size with the same main cause include Care for Public Health Inc ($102k), Addison Arbor Foundation ($102k) and Mendon Upton Youth Soccer Assoc Inc ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. At year end it held assets of $1.7m against liabilities of $238k, net assets of $1.5m.