Cambridge-Isanti Arena Corporation

Analysis

Cambridge-Isanti Arena Corporation is a registered charity in United States, based in Isanti, MN. It received its IRS tax-exemption ruling in April 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, Cambridge-Isanti Arena Corporation reported income of $367k and spending of $391k, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $330k to $367k (+11%), an average of +3.7% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cambridge-Isanti Arena Corporation 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 65th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Andreas Sporting Club ($367k), North Carolina Baseball Academy Baseball Clubs Inc ($367k) and Portage County Fair Association ($367k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 103% of the total. Other salaries and wages came to $52k. At year end it held assets of $1.5m against liabilities of $671k, net assets of $847k. It reported 26 employees.