Tonka United Soccer Association Inc

Analysis

Tonka United Soccer Association Inc is a registered charity in United States, based in Wayzata, MN. It received its IRS tax-exemption ruling in July 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Tonka United Soccer Association Inc reported income of $2.1m and spending of $2.1m, spending 97% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.5m to $2.1m (+38%), an average of +8.5% a year. The sharpest change came in the year to July 2021, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tonka United Soccer Association Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include New Milford Community Ambulance Corp ($2.1m), The Childrens Community Development Center Inc ($2.1m) and Several Sources Shelters Inc ($2.1m).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $815k. At year end it held assets of $2.6m against liabilities of $620k, net assets of $1.9m. It reported 62 employees.