Minot Soccer Association

Analysis

Minot Soccer Association is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in May 1987, 39 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 December 2023, Minot Soccer Association reported income of $636k and spending of $529k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $383k to $636k (+66%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Minot Soccer Association sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within ND. Charities of a similar size with the same main cause include Friends of Bridge Inc ($636k), Central Lifesaving and Rescue Squad ($636k) and Birthmatters ($636k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $29k (5.4% of expenses). At year end it held assets of $623k against liabilities of $228k, net assets of $396k. It reported 38 employees.