Minnesota Asa

Analysis

Minnesota Asa is a registered charity in United States, based in Medina, MN. It received its IRS tax-exemption ruling in October 2014, 12 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, Minnesota Asa reported income of $318k and spending of $262k, spending 82% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $194k to $318k (+64%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Minnesota Asa sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within MN. Charities of a similar size with the same main cause include Islesboro Community Center ($318k), San Jose Almaden Water Polo Association Inc ($318k) and Triboro Youth Hockey Association Inc ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 58% of the total. At year end it held assets of $199k against liabilities of $1,338, net assets of $197k.