Bloomington Youth Soccer Club

Analysis

Bloomington Youth Soccer Club is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2024, Bloomington Youth Soccer Club reported income of $373k and spending of $303k, spending 81% of its income. Across the 6 years on record, from August 2019 to June 2024, income grew from $328k to $373k (+14%), an average of +2.6% a year. The sharpest change came in the year to August 2021, when income rose by 72%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bloomington Youth Soccer Club sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Escot Youth Development Inc ($373k), Oklahoma Senior Games ($373k) and Central Virginia United Soccer Inc ($373k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $8,724 (2.9% of expenses). Other salaries and wages came to $46k. At year end it held assets of $276k against liabilities of -$3,201, net assets of $279k.