Gitchi Gummi Soccer Club Inc

Analysis

Gitchi Gummi Soccer Club Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in May 2017, 9 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 2023, Gitchi Gummi Soccer Club Inc reported income of $378k and spending of $316k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $331k to $378k (+14%), an average of +3.4% a year. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gitchi Gummi Soccer Club Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Indiana Hockey Officials Association ($378k), Save Mart Cares Foundation ($379k) and Fairmont Youth Hockey Association Inc ($378k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $461k against liabilities of $0, net assets of $461k.