Shredders MTB Inc

Analysis

Shredders MTB Inc is a registered charity in United States, based in Porter Cors, NY. It received its IRS tax-exemption ruling in March 2023, 3 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, Shredders MTB Inc reported income of $170k and spending of $158k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $24k to $170k (+618%), an average of +168% a year. The sharpest change came in the year to December 2022, when income rose by 356%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Shredders MTB Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Orangecrest Pony Baseball Inc ($170k), Irondale Basketball Association Inc ($170k) and East Passyunk Community Center Advisory Council ($170k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.