Edina Soccer Association

Analysis

Edina Soccer Association is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in January 1977, 49 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Edina Soccer Association reported income of $485k and spending of $504k, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $455k to $485k (+6.6%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 106%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Edina Soccer Association 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 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Pinnacle Partners of the Carolinas Inc ($485k), Aberdeen Amateur Hockey Association ($485k) and Dillsburg Area Soccer Club ($485k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 2.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $65k (13% of expenses). At year end it held assets of $191k against liabilities of $23k, net assets of $168k.