Waseca Community Arena

Analysis

Waseca Community Arena is a registered charity in United States, based in Waseca, MN. It received its IRS tax-exemption ruling in January 1994, 32 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 June 2023, Waseca Community Arena reported income of $181k and spending of $186k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $173k to $181k (+4.9%), an average of +1.2% a year. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Waseca Community Arena sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Little Cyclone Baseball Inc ($181k), Fresh Air Home ($181k) and Hickory High School Boosters Club Inc ($181k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $50k (27% of expenses). Other salaries and wages came to $24k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 10 employees.