Lakes United Futbol Club

Analysis

Lakes United Futbol Club is a registered charity in United States, based in Lindstrom, MN. It received its IRS tax-exemption ruling in August 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lakes United Futbol Club reported income of $250k and spending of $270k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3,218 to $250k (+7666%), an average of +197% a year. The sharpest change came in the year to December 2020, when income rose by 3220%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lakes United Futbol Club sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MN. Charities of a similar size with the same main cause include Northwest Arkansas Amateur Hockey Association ($250k), New York Rugby Club Inc ($250k) and Special Olympics Florida Foundation Inc ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.5% and program service revenue 95% of the total. Other salaries and wages came to $41k. At year end it held assets of $215k against liabilities of $0, net assets of $215k. It reported 1 employees.