Minnesota Fastpitch Academy Foundation

Analysis

Minnesota Fastpitch Academy Foundation is a registered charity in United States, based in New Brighton, MN. It received its IRS tax-exemption ruling in March 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 August 2023, Minnesota Fastpitch Academy Foundation reported income of $706k and spending of $760k, spending 108% of what it took in. Across the 4 years on record, from August 2019 to August 2023, income fell from $722k to $706k (-2.2%), an average of -0.7% a year. The sharpest change came in the year to August 2021, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Minnesota Fastpitch Academy Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Inspire Group Inc ($706k), Fountain City Classic Inc ($707k) and Psa Soccer Club Inc ($706k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $176k (23% of expenses). Other salaries and wages came to $144k. At year end it held assets of $648k against liabilities of $494k, net assets of $155k. It reported 95 employees.