Iditarod Trail Committee Inc

Analysis

Iditarod Trail Committee Inc is a registered charity in United States, based in Wasilla, AK. It received its IRS tax-exemption ruling in June 1976, 50 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 June 2024, Iditarod Trail Committee Inc reported income of $5.4m and spending of $5.6m, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.4m to $5.4m (+25%), an average of +4.5% a year. The sharpest change came in the year to June 2024, when income rose by 18%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Iditarod Trail Committee Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within AK. Charities of a similar size with the same main cause include Seward Changing the Game Inc ($5.4m), Special Olympics Georgia Inc ($5.5m) and Heartland Soccer Association Inc ($5.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 46% and program service revenue 47% of the total. Other salaries and wages came to $728k. At year end it held assets of $1.8m against liabilities of $2.3m, net assets of -$527k. It reported 7 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.