Minnesota Synchronettes

Analysis

Minnesota Synchronettes is a registered charity in United States, based in Wayzata, MN. It received its IRS tax-exemption ruling in May 2006, 20 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 2024, Minnesota Synchronettes reported income of $164k and spending of $156k, spending 95% of its income. Across the 3 years on record, from August 2022 to August 2024, income grew from $147k to $164k (+11%), an average of +5.6% a year. The sharpest change came in the year to August 2024, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Minnesota Synchronettes sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include Medina Valley Youth Baseball Association Inc ($164k), Shockers Youth Sports Development ($164k) and Jaguar Spirit Inc ($164k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 4.4% and program service revenue 6.7% of the total. At year end it held assets of $101k against liabilities of $0, net assets of $101k.