Faribault Soccer Association

Analysis

Faribault Soccer Association is a registered charity in United States, based in Faribault, MN. It received its IRS tax-exemption ruling in April 1999, 27 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, Faribault Soccer Association reported income of $53k and spending of $49k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $53k (+6.6%), an average of +6.6% a year. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Faribault Soccer Association sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 17th percentile within MN. Charities of a similar size with the same main cause include Jordan Lake Trail Board ($53k), Bear Babe Ruth Organization ($53k) and Akron Little League Football Inc ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. At year end it held assets of $43k against liabilities of $200, net assets of $43k.