MN Elite Girls Lacrosse Club Inc

Analysis

MN Elite Girls Lacrosse Club Inc is a registered charity in United States, based in Chanhassen, MN. It received its IRS tax-exemption ruling in September 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, MN Elite Girls Lacrosse Club Inc reported income of $736k and spending of $750k, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $569k to $736k (+29%), an average of +6.6% a year. The sharpest change came in the year to August 2021, when income rose by 155%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, MN Elite Girls Lacrosse Club Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Lawrence County Farm Show Inc ($736k), Los Angeles Swim Club ($736k) and Newton Park Inc ($736k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $58k (7.8% of expenses). At year end it held assets of $515k against liabilities of $188k, net assets of $327k.