Plymouth Wayzata Fusion Soccer Club

Analysis

Plymouth Wayzata Fusion Soccer Club is a registered charity in United States, based in Plymouth, MN. It received its IRS tax-exemption ruling in November 2000, 26 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, Plymouth Wayzata Fusion Soccer Club reported income of $3.6m and spending of $3.5m, spending 95% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $2.1m to $3.6m (+71%), an average of +20% a year. The sharpest change came in the year to July 2022, when income rose by 53%. 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, Plymouth Wayzata Fusion Soccer Club sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Collegiate Officiating Consortium ($3.6m), Walworth County Agricultural Society ($3.6m) and Beadling Soccer Club ($3.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $480k (14% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.2m against liabilities of $515k, net assets of $2.7m. It reported 122 employees.