National Sports Center Foundation

Analysis

National Sports Center Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 1992, 34 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 2021, National Sports Center Foundation reported income of $17.0m and spending of $14.6m, spending 86% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $16.1m to $17.0m (+5.8%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, National Sports Center Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Jays Care Foundation ($16.8m), Florida Strawberry Festival Inc ($17.1m) and Cotton Bowl Athletic Association ($16.8m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $568k (3.9% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $27.2m against liabilities of $10.6m, net assets of $16.5m. It reported 307 employees.