Duluth Heritage Sports Center

Analysis

Duluth Heritage Sports Center is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in July 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 June 2023, Duluth Heritage Sports Center reported income of $1.6m and spending of $2.1m, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.6m (+38%), an average of +8.5% a year. Over the whole period it spent 136% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Duluth Heritage Sports Center sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Soccer Association of Boca Raton Inc ($1.6m), Kentucky Bourbon Festival Inc ($1.6m) and Ramapo Youth Hockey Association Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $70k (3.2% of expenses). Other salaries and wages came to $399k. At year end it held assets of $13.8m against liabilities of $8.6m, net assets of $5.3m. It reported 66 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.