Little Falls Sports Arena Inc

Analysis

Little Falls Sports Arena Inc is a registered charity in United States, based in Little Falls, MN. It received its IRS tax-exemption ruling in June 1988, 38 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 March 2024, Little Falls Sports Arena Inc reported income of $278k and spending of $215k, leaving 22% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $259k to $278k (+7.2%), an average of +1.8% a year. The sharpest change came in the year to March 2021, when income dropped by 42%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Little Falls Sports Arena Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include Friends of Community Fitness ($277k), Ste Inc ($278k) and Denmark Youth Baseball League ($277k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 5.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $48k (22% of expenses). Other salaries and wages came to $11k. At year end it held assets of $621k against liabilities of $58k, net assets of $564k. It reported 9 employees.