Detroit Lakes Strikers Soccer Club Inc

Analysis

Detroit Lakes Strikers Soccer Club Inc is a registered charity in United States, based in Detroit Lakes, MN. It received its IRS tax-exemption ruling in August 2005, 21 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 August 2023, Detroit Lakes Strikers Soccer Club Inc reported income of $109k and spending of $115k, spending 106% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $88k to $109k (+23%), an average of +23% a year. The sharpest change came in the year to August 2023, when income rose by 23%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Detroit Lakes Strikers Soccer Club Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Your Pitch Foundation Inc ($109k), DC Shadow Ultimate Inc ($109k) and Vestavia Lacrosse Organization Inc ($109k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 2.7% and program service revenue 63% of the total. At year end it held assets of $301k against liabilities of $375, net assets of $301k.