Delano Area Sports Arena Inc

Analysis

Delano Area Sports Arena Inc is a registered charity in United States, based in Delano, MN. It received its IRS tax-exemption ruling in October 1994, 32 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 August 2023, Delano Area Sports Arena Inc reported income of $531k and spending of $396k, leaving 25% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $346k to $531k (+54%), an average of +11% a year. The sharpest change came in the year to August 2022, when income rose by 17%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Delano Area Sports Arena Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Greenfield Central School Foundation Inc ($531k), Victory Homes for Boys ($531k) and Nami Michigan ($531k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 18% and program service revenue 78% of the total. Other salaries and wages came to $86k. At year end it held assets of $1.4m against liabilities of $394k, net assets of $991k. It reported 18 employees.