Edina Soccer Club

Analysis

Edina Soccer Club is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 1997, 29 years ago. 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, Edina Soccer Club reported income of $1.9m and spending of $1.6m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.9m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Edina Soccer Club sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Rappahannock United Way Inc ($1.9m), Boston Junior Eagles Inc ($1.9m) and Bay Oaks Historic Retirement Residence Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $90k (5.5% of expenses). Other salaries and wages came to $93k. At year end it held assets of $3.7m against liabilities of $2.8m, net assets of $951k. It reported 4 employees.