Metro Sports Foundations Inc

Analysis

Metro Sports Foundations Inc is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Metro Sports Foundations Inc reported income of $5.3m and spending of $6.2m, spending 116% of what it took in. Across the 4 years on record, from April 2020 to April 2023, income grew from $3.2m to $5.3m (+67%), an average of +19% a year. The sharpest change came in the year to April 2022, when income rose by 62%. Over the whole period it spent 128% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Metro Sports Foundations Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within ND. Charities of a similar size with the same main cause include The Central Florida Sports Commission Inc ($5.3m), Tenn Secondary School Athletic Assn ($5.3m) and Iowa State Fair Foundation ($5.3m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 0.4% and program service revenue 88% of the total. Other salaries and wages came to $855k. At year end it held assets of $25.0m against liabilities of $16.4m, net assets of $8.6m. It reported 105 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.