Minnesota High School Cycling League

Analysis

Minnesota High School Cycling League is a registered charity in United States, based in Chaska, MN. It received its IRS tax-exemption ruling in August 2017, 9 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 High School Cycling League reported income of $671k and spending of $684k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $584k to $671k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Minnesota High School Cycling League 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 74th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Oceanside United Soccer Club Inc ($671k), Calvert Soccer Association Inc ($671k) and Gainesville Area Community Tennis Association Inc ($671k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $219k (32% of expenses). At year end it held assets of $356k against liabilities of $8,270, net assets of $348k. It reported 6 employees.