Minturn Fitness Center

Analysis

Minturn Fitness Center is a registered charity in United States, based in Minturn, CO. It received its IRS tax-exemption ruling in April 2017, 9 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 December 2023, Minturn Fitness Center reported income of $170k and spending of $268k, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $175k to $170k (-2.6%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 146% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Minturn Fitness Center sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within CO. Charities of a similar size with the same main cause include Norwin Community Athletic Association ($170k), Sequoia FC Inc ($170k) and Arctic Edge Unity Synchronized Skating Teams ($170k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. Other salaries and wages came to $83k. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m. It reported 9 employees.

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.