Mystic Riders Snowmobile Club Inc

Analysis

Mystic Riders Snowmobile Club Inc is a registered charity in United States, based in Princeton, MN. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 December 2023, Mystic Riders Snowmobile Club Inc reported income of $245k and spending of $266k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $149k to $245k (+64%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mystic Riders Snowmobile Club Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within MN. Charities of a similar size with the same main cause include Republic County Resource Council Inc ($245k), Lions Sight & Hearing Foundation of N H ($245k) and White Memorial Camp Management Group ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 20% of the total. Other salaries and wages came to $11k. At year end it held assets of $566k against liabilities of $57k, net assets of $509k. It reported 32 employees.