Duluth Devo Mountain Bike Program

Analysis

Duluth Devo Mountain Bike Program is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in June 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 January 2024, Duluth Devo Mountain Bike Program reported income of $107k and spending of $108k, spending 102% of its income. Across the 2 years on record, from January 2023 to January 2024, income grew from $71k to $107k (+51%), an average of +51% a year. The sharpest change came in the year to January 2024, when income rose by 51%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Duluth Devo Mountain Bike Program sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 36th percentile within MN. Charities of a similar size with the same main cause include Miracle League of San Antonio Inc ($107k), Rowla ($107k) and Loveland Youth Football Inc ($107k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $11k against liabilities of $1,961, net assets of $8,962.