Freeland Athletic Association

Analysis

Freeland Athletic Association is a registered charity in United States, based in Freeland, MI. It received its IRS tax-exemption ruling in December 1986, 40 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, Freeland Athletic Association reported income of $125k and spending of $118k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $133k to $125k (-6.4%), an average of -1.6% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Freeland Athletic Association sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within MI. Charities of a similar size with the same main cause include Village Acquisition 17317 Roscoe Blvd Northridge ($125k), Colt Trust Inc ($125k) and Allegheny Council to Improve Our Neighborhoods Housing Incorporated ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 60% of the total. At year end it held assets of $300k against liabilities of $0, net assets of $300k.