Lakeville Soccer Boosters Inc

Analysis

Lakeville Soccer Boosters Inc is a registered charity in United States, based in Lakeville, MN. It received its IRS tax-exemption ruling in August 1983, 43 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, Lakeville Soccer Boosters Inc reported income of $2.0m and spending of $2.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.0m (+82%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lakeville Soccer Boosters Inc 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 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include The Maple Counseling Center ($2.0m), Access to Independence of San Diego Inc ($2.0m) and Somerset Community Action Program ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $911k against liabilities of $0, net assets of $911k.