Grandmas Marathon Duluth Inc
EIN: 411573627 · Duluth, MN
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $3.4M |
| Net Assets | $4.4M |
Is Grandmas Marathon Duluth Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Grandmas Marathon Duluth Inc
Grandmas Marathon Duluth Inc (EIN: 411573627) is a nonprofit organization based in Duluth, MN. The organization reported total revenue of $4.0M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grandmas Marathon Duluth Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grandmas Marathon Duluth Inc is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $3.4M |
| Surplus / Deficit | +$104K |
| Total Assets | $4.6M |
| Total Liabilities | $213K |
| Net Assets | $4.4M |
| Operating Margin | 3.0% |
| Debt-to-Asset Ratio | 4.6% |
| Months of Reserves | 16.2 months |
Financial Health Grade: A
In 2023, Grandmas Marathon Duluth Inc reported a surplus of $104K with revenue exceeding expenses, holds 16.2 months of operating reserves (strong position), has a debt-to-asset ratio of 4.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Grandmas Marathon Duluth Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.2% | +4.8% | +1.8% |
| 2022 | +51.7% | +62.4% | +0.8% |
| 2021 | +10.2% | +18.5% | +0.7% |
| 2020 | -29.5% | -36.2% | +31.7% |
| 2019 | +5.4% | -1.6% | +12.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Grandmas Marathon Duluth Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Grandmas Marathon Duluth Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $104K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.6%.
Frequently Asked Questions about Grandmas Marathon Duluth Inc
Is Grandmas Marathon Duluth Inc a legitimate charity?
Grandmas Marathon Duluth Inc (EIN: 411573627) is a registered tax-exempt nonprofit based in Minnesota. It has 13 years of IRS 990 filings on record. Total revenue: $4.0M. No red flags identified. Financial health grade: A.
How does Grandmas Marathon Duluth Inc spend its money?
Grandmas Marathon Duluth Inc reported $4.0M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Grandmas Marathon Duluth Inc tax-deductible?
Grandmas Marathon Duluth Inc is registered as a tax-exempt nonprofit (EIN: 411573627). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Grandmas Marathon Duluth Inc located?
Grandmas Marathon Duluth Inc is headquartered in Duluth, Minnesota and files with the IRS under EIN 411573627.
How many years of IRS 990 filings does Grandmas Marathon Duluth Inc have?
Grandmas Marathon Duluth Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.0M in total revenue.
Filing History
IRS 990 filing history for Grandmas Marathon Duluth Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Grandmas Marathon Duluth Inc's revenue has grown by 75.4%, moving from $2.0M to $3.5M. Total assets increased by 59.1% over the same period, from $2.9M to $4.6M. Total functional expenses rose by 74.9%, from $2.0M to $3.4M. In its most recent filing year (2023), Grandmas Marathon Duluth Inc reported a surplus of $104K, with revenue exceeding expenses. The organization holds $213K in liabilities against $4.6M in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $3.4M | $4.6M | $213K | — | View 990 |
| 2022 | $3.5M | $3.3M | $4.5M | $264K | — | View 990 |
| 2021 | $2.3M | $2.0M | $4.5M | $414K | — | View 990 |
| 2020 | $2.1M | $1.7M | $4.5M | $784K | — | — |
| 2019 | $3.0M | $2.7M | $3.4M | $62K | — | View 990 |
| 2018 | $2.8M | $2.7M | $3.0M | $54K | — | View 990 |
| 2017 | $2.9M | $2.5M | $3.0M | $136K | — | View 990 |
| 2016 | $2.8M | $2.6M | $2.5M | $60K | — | View 990 |
| 2015 | $2.2M | $2.3M | $2.2M | $79K | — | View 990 |
| 2014 | $2.1M | $2.1M | $2.3M | $139K | — | View 990 |
| 2013 | $2.1M | $2.4M | $2.4M | $202K | — | View 990 |
| 2012 | $2.0M | $2.1M | $2.7M | $161K | — | View 990 |
| 2011 | $2.0M | $2.0M | $2.9M | $194K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $3.4M, and assets of $4.6M (revenue +0.2% year-over-year).
- 2022: Revenue of $3.5M, expenses of $3.3M, and assets of $4.5M (revenue +51.7% year-over-year).
- 2021: Revenue of $2.3M, expenses of $2.0M, and assets of $4.5M (revenue +10.2% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.7M, and assets of $4.5M (revenue -29.5% year-over-year).
- 2019: Revenue of $3.0M, expenses of $2.7M, and assets of $3.4M (revenue +5.4% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.7M, and assets of $3.0M (revenue -2.5% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.5M, and assets of $3.0M (revenue +4.1% year-over-year).
- 2016: Revenue of $2.8M, expenses of $2.6M, and assets of $2.5M (revenue +23.9% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.3M, and assets of $2.2M (revenue +7.3% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.1M, and assets of $2.3M (revenue +2.2% year-over-year).
- 2013: Revenue of $2.1M, expenses of $2.4M, and assets of $2.4M (revenue +4.1% year-over-year).
- 2012: Revenue of $2.0M, expenses of $2.1M, and assets of $2.7M (revenue -1.9% year-over-year).
- 2011: Revenue of $2.0M, expenses of $2.0M, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grandmas Marathon Duluth Inc:
Data Sources and Methodology
This transparency report for Grandmas Marathon Duluth Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.