Mankato United Soccer Club

Analysis

Mankato United Soccer Club is a registered charity in United States, based in North Mankato, MN. It received its IRS tax-exemption ruling in May 1993, 33 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 October 2023, Mankato United Soccer Club reported income of $473k and spending of $400k, spending 85% of its income. Across the 6 years on record, from October 2018 to October 2023, income grew from $287k to $473k (+64%), an average of +10% a year. The sharpest change came in the year to October 2021, when income rose by 107%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mankato United Soccer Club sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MN. Charities of a similar size with the same main cause include Eva Tatman Trust ($473k), Richard Winn Academy ($473k) and Springmoor Endowment Fund Inc ($472k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 8.7% and program service revenue 75% of the total. At year end it held assets of $498k against liabilities of $5,494, net assets of $492k.