Lake Minnetonka Klondike Dog Derby

Analysis

Lake Minnetonka Klondike Dog Derby is a registered charity in United States, based in Excelsior, MN. It received its IRS tax-exemption ruling in July 2019, 7 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, Lake Minnetonka Klondike Dog Derby reported income of $181k and spending of $201k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $232k to $181k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. 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, Lake Minnetonka Klondike Dog Derby sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Georgia Officials Athletic Association Inc ($181k), Sweetwater Municipal Auditorium Board Inc ($181k) and Manorville Soccer League Inc ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.