Sleepy Eye Arena Association Inc

Analysis

Sleepy Eye Arena Association Inc is a registered charity in United States, based in Sleepy Eye, MN. It received its IRS tax-exemption ruling in September 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Sleepy Eye Arena Association Inc reported income of $163k and spending of $150k, spending 92% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $142k to $163k (+15%), an average of +3.5% a year. The sharpest change came in the year to August 2022, when income rose by 27%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sleepy Eye Arena Association Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include Salina Am Chapter of National Ambucs Inc ($163k), Christian Commitments Corporation ($163k) and Torrey Pines Association ($163k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.4% and program service revenue 41% of the total. Other salaries and wages came to $39k. At year end it held assets of $637k against liabilities of $35k, net assets of $602k. It reported 13 employees.