Rosemount Area Athletic Association Inc

Analysis

Rosemount Area Athletic Association Inc is a registered charity in United States, based in Rosemount, MN. It received its IRS tax-exemption ruling in June 1978, 48 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, Rosemount Area Athletic Association Inc reported income of $1.3m and spending of $1.3m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.3m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rosemount Area Athletic Association Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include Long Island Council on Alcoholism Inc ($1.3m), Cardwell Foundation ($1.3m) and Ayuda Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $18k (1.5% of expenses). Other salaries and wages came to $187k. At year end it held assets of $1.0m against liabilities of $175k, net assets of $859k. It reported 19 employees.