Broken Boot Mine Inc

Analysis

Broken Boot Mine Inc is a registered charity in United States, based in Deadwood, SD. It received its IRS tax-exemption ruling in March 1970, 56 years ago. 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 September 2023, Broken Boot Mine Inc reported income of $170k and spending of $177k, spending 104% of its income. Across the 3 years on record, from September 2021 to September 2023, income fell from $217k to $170k (-22%), an average of -12% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Broken Boot Mine Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within SD. Charities of a similar size with the same main cause include T G Masaryk Free Thinking School Association ($170k), Heartland Volleyball Club ($170k) and Saint George Greek Orthodox Cathedral of Manchester Trust Fund ($170k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $20k (11% of expenses). Other salaries and wages came to $80k. At year end it held assets of $193k against liabilities of $1,555, net assets of $191k. It reported 16 employees.