Duluth Heritage Sports Center Foundation

Analysis

Duluth Heritage Sports Center Foundation is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in June 2020, 6 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 (type i) 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 Foundation reported income of $74k and spending of $45k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $43k to $74k (+73%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 46%. Over the whole period it spent 72% 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 Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 26th percentile within MN. Charities of a similar size with the same main cause include Chartiers Valley Youth Basketball Organization Inc ($74k), Klamath Sportsmans Park Assoc Inc ($74k) and South Lakeland Babe Ruth League Inc ($74k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. At year end it held assets of $8.4m against liabilities of $4,199, net assets of $8.4m.