Red Wing Soccer Club Inc

Analysis

Red Wing Soccer Club Inc is a registered charity in United States, based in Red Wing, MN. It received its IRS tax-exemption ruling in October 2003, 23 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, Red Wing Soccer Club Inc reported income of $52k and spending of $36k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $57k to $52k (-8.1%), an average of -8.1% a year. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Red Wing Soccer Club Inc 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 20th percentile, and in the 17th percentile within MN. Charities of a similar size with the same main cause include Texas Scouts Association ($52k), Washington City Historical Society ($52k) and Baton Rouge Wheelchair Tennis Association ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. At year end it held assets of $80k against liabilities of $0, net assets of $80k.