Golden Valley Sports Inc

Analysis

Golden Valley Sports Inc is a registered charity in United States, based in Plymouth, MN. It received its IRS tax-exemption ruling in August 1990, 36 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 December 2023, Golden Valley Sports Inc reported income of $73k and spending of $85k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $73k (+7.1%), an average of +7.1% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Golden Valley Sports Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within MN. Charities of a similar size with the same main cause include Pop Warner Little Scholars Inc ($73k), Farmers Assisting Returning Military Farm a Veterans Organizat ($73k) and National Suicide Help Center ($73k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 88% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.