Hermantown Youth Soccer Association Inc

Analysis

Hermantown Youth Soccer Association Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in February 1991, 35 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 December 2023, Hermantown Youth Soccer Association Inc reported income of $188k and spending of $136k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $140k to $188k (+34%), an average of +7.7% a year. The sharpest change came in the year to December 2023, when income rose by 109%. Over the whole period it spent 72% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hermantown Youth Soccer Association Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within MN. Charities of a similar size with the same main cause include Little League Baseball Inc ($188k), Encinitas Mustang Lacrosse Inc ($188k) and Penn State Rugby Alumni Club Inc ($188k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $16k (12% of expenses). Other salaries and wages came to $4,289. At year end it held assets of $450k against liabilities of $20k, net assets of $430k. It reported 43 employees.