Lakeville Fastpitch Softball Association

Analysis

Lakeville Fastpitch Softball Association is a registered charity in United States, based in Lakeville, MN. It received its IRS tax-exemption ruling in March 1996, 30 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 July 2023, Lakeville Fastpitch Softball Association reported income of $659k and spending of $575k, spending 87% of its income. Across the 5 years on record, from December 2019 to July 2023, income grew from $293k to $659k (+125%), an average of +22% a year. The sharpest change came in the year to July 2021, when income rose by 265%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lakeville Fastpitch Softball Association sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Alameda Swimming Pool Association ($659k), Gladiators Athletic Association Inc ($659k) and Harrison Youth Soccer Club Inc ($659k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.2% and program service revenue 94% of the total. At year end it held assets of $235k against liabilities of $10k, net assets of $225k.