Mahtomedi Soccer Association

Analysis

Mahtomedi Soccer Association is a registered charity in United States, based in Willernie, MN. It received its IRS tax-exemption ruling in April 1982, 44 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, Mahtomedi Soccer Association reported income of $346k and spending of $290k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $253k to $346k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 166%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mahtomedi Soccer Association sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include Entrepreneurs Organization ($346k), Oregon Association of Minority Entrepreneurs ($346k) and New Jersey Association for the Education of Young Children ($346k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $50k (17% of expenses). Other salaries and wages came to $13k. At year end it held assets of $283k against liabilities of $0, net assets of $283k. It reported 4 employees.