Lakes Area Youth Soccer Association Inc

Analysis

Lakes Area Youth Soccer Association Inc is a registered charity in United States, based in Brainerd, MN. It received its IRS tax-exemption ruling in May 1998, 28 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, Lakes Area Youth Soccer Association Inc reported income of $109k and spending of $133k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $109k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 115% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lakes Area Youth Soccer Association Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include All in Baseball Corp ($109k), Alta Foundation Inc ($109k) and Kelly & Co Equine Sanctuary ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $5,568 against liabilities of $0, net assets of $5,568.