Richfield Soccer Association

Analysis

Richfield Soccer Association is a registered charity in United States, based in Richfield, MN. It received its IRS tax-exemption ruling in February 1985, 41 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 September 2023, Richfield Soccer Association reported income of $234k and spending of $205k, spending 88% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $222k to $234k (+5.5%), an average of +5.5% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richfield Soccer Association sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MN. Charities of a similar size with the same main cause include Israel Benevolence Fund Inc ($234k), The Masterworks Choir Inc ($234k) and Mycological Society of America the ($234k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.8% and program service revenue 95% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.