New Prague Area Community Center Association Inc

Analysis

New Prague Area Community Center Association Inc is a registered charity in United States, based in New Prague, MN. It received its IRS tax-exemption ruling in November 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Prague Area Community Center Association Inc reported income of $389k and spending of $512k, spending 132% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $375k to $389k (+3.6%), an average of +1.2% a year. Over the whole period it spent 112% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New Prague Area Community Center Association Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include Wake County Basketball Association ($388k), Baler Backers Athletic Organization ($389k) and CDM Aquatics Federation ($388k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.8% and program service revenue 92% of the total. Other salaries and wages came to $146k. At year end it held assets of $1.4m against liabilities of $990k, net assets of $399k. It reported 38 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.