MN North Sports Inc

Analysis

MN North Sports Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in March 2018, 8 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 August 2023, MN North Sports Inc reported income of $557k and spending of $553k, spending 99% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $173k to $557k (+222%), an average of +48% a year. The sharpest change came in the year to August 2022, when income rose by 112%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, MN North Sports Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Calicinto Ranch Inc ($557k), Wahoo Aquatic Club Inc ($557k) and Potter Valley Youth Community Center ($557k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 9.6% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $6,150 (1.1% of expenses). At year end it held assets of $189k against liabilities of $44k, net assets of $145k.