Cottage Grove Athletic Association

Analysis

Cottage Grove Athletic Association is a registered charity in United States, based in Cottage Grove, MN. It received its IRS tax-exemption ruling in November 1984, 42 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, Cottage Grove Athletic Association reported income of $2.8m and spending of $2.2m, leaving 23% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $1.6m to $2.8m (+77%), an average of +21% a year. The sharpest change came in the year to September 2022, when income rose by 31%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cottage Grove Athletic Association sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Associated Industries of Arkansas Foundation Inc ($2.8m), Hartford Interval House Inc ($2.8m) and Independent School Association of the Central States Inc ($2.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.9% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $140k (6.4% of expenses). Other salaries and wages came to $16k. At year end it held assets of $5.0m against liabilities of $2.0m, net assets of $3.1m.