Lakeville Football Association

Analysis

Lakeville Football Association is a registered charity in United States, based in Lakeville, MN. It received its IRS tax-exemption ruling in July 2013, 13 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, Lakeville Football Association reported income of $180k and spending of $325k, spending 181% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $240k to $180k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 112% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lakeville Football Association sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Central Wyoming Climbers Alliance ($180k), Force High School Athletics Inc ($180k) and Rice Lake Curling Club Ltd ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 59% of the total. At year end it held assets of $131k against liabilities of $181k, net assets of -$50k.