Blaine Soccer Club

Analysis

Blaine Soccer Club is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 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 August 2024, Blaine Soccer Club reported income of $2.2m and spending of $2.2m, spending 100% of its income. Across the 6 years on record, from August 2019 to August 2024, income fell from $2.3m to $2.2m (-7.1%), an average of -1.5% a year. The sharpest change came in the year to August 2020, when income dropped by 35%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Blaine Soccer Club sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Southeastern Oklahoma Family Services Inc ($2.2m), Wichita Festivals Inc ($2.2m) and Classics Elite Soccer Academy Inc ($2.2m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 2.1% and program service revenue 97% of the total. Other salaries and wages came to $875k. At year end it held assets of $1.1m against liabilities of $425k, net assets of $646k. It reported 65 employees.