Crossfire Youth Sports

Analysis

Crossfire Youth Sports is a registered charity in United States, based in Champlin, MN. It received its IRS tax-exemption ruling in March 2006, 20 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 June 2023, Crossfire Youth Sports reported income of $2.4m and spending of $2.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.4m (+83%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Crossfire Youth Sports sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Colorado Springs Amateur Hockey ($2.4m), Metro Squash NFP ($2.4m) and Cowtown Marathon Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $306k (13% of expenses). Other salaries and wages came to $591k. At year end it held assets of $1.1m against liabilities of $428k, net assets of $644k. It reported 123 employees.