The Forest Lake Athletic Association

Analysis

The Forest Lake Athletic Association is a registered charity in United States, based in Forest Lake, MN. It received its IRS tax-exemption ruling in December 1996, 30 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 December 2023, The Forest Lake Athletic Association reported income of $869k and spending of $1.0m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $869k (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Forest Lake Athletic Association sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Empower Volleyball Club of Eastvale ($868k), Stone Valleys Ray of Hope ($870k) and College Hockey Inc ($868k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 79% of the total. Other salaries and wages came to $40k. At year end it held assets of $736k against liabilities of $13k, net assets of $722k. It reported 139 employees.