Waseca Community Arena
EIN: 411749124 · Waseca, MN · NTEE: N31Z
| Metric | Value |
|---|---|
| Total Revenue | $237K |
| Total Expenses | $186K |
| Net Assets | $1.3M |
Is Waseca Community Arena Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Waseca Community Arena
Waseca Community Arena (EIN: 411749124) is a nonprofit organization based in Waseca, MN, classified under NTEE code N31Z. The organization reported total revenue of $237K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waseca Community Arena's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waseca Community Arena is a small nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $181K |
| Total Expenses | $186K |
| Surplus / Deficit | $-4,790 |
| Total Assets | $1.3M |
| Net Assets | $1.3M |
| Operating Margin | -2.6% |
| Months of Reserves | 82.3 months |
Financial Health Grade: B
In 2023, Waseca Community Arena reported a deficit of $5K with expenses exceeding revenue, holds 82.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Waseca Community Arena's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.6% | +9.7% | -0.4% |
| 2022 | -9.0% | +20.3% | -0.2% |
| 2021 | +2.0% | -5.5% | +3.4% |
| 2020 | +4.1% | +6.3% | +2.5% |
| 2019 | +1.8% | -4.4% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Waseca Community Arena has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Waseca Community Arena with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
Frequently Asked Questions about Waseca Community Arena
Is Waseca Community Arena a legitimate charity?
Waseca Community Arena (EIN: 411749124) is a registered tax-exempt nonprofit based in Minnesota. It has 13 years of IRS 990 filings on record. Total revenue: $237K. No red flags identified. Financial health grade: B.
How does Waseca Community Arena spend its money?
Waseca Community Arena reported $237K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Waseca Community Arena tax-deductible?
Waseca Community Arena is registered as a tax-exempt nonprofit (EIN: 411749124). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Waseca Community Arena located?
Waseca Community Arena is headquartered in Waseca, Minnesota and files with the IRS under EIN 411749124. It is classified under NTEE code N31Z.
How many years of IRS 990 filings does Waseca Community Arena have?
Waseca Community Arena has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $237K in total revenue.
Filing History
IRS 990 filing history for Waseca Community Arena showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Waseca Community Arena's revenue has grown by 67.8%, moving from $108K to $181K. Total assets increased by 13.3% over the same period, from $1.1M to $1.3M. Total functional expenses rose by 66.4%, from $112K to $186K. In its most recent filing year (2023), Waseca Community Arena reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $181K | $186K | $1.3M | $0 | — | View 990 |
| 2022 | $167K | $170K | $1.3M | $0 | — | View 990 |
| 2021 | $184K | $141K | $1.3M | $0 | — | View 990 |
| 2020 | $180K | $149K | $1.2M | $0 | — | View 990 |
| 2019 | $173K | $141K | $1.2M | $0 | — | View 990 |
| 2018 | $170K | $147K | $1.2M | $0 | — | View 990 |
| 2017 | $122K | $143K | $1.2M | $0 | — | View 990 |
| 2016 | $149K | $140K | $1.2M | $0 | — | View 990 |
| 2015 | $166K | $144K | $1.2M | $0 | — | View 990 |
| 2014 | $128K | $120K | $1.1M | $1K | — | View 990 |
| 2013 | $115K | $121K | $1.1M | $1K | — | View 990 |
| 2012 | $133K | $115K | $1.1M | $1K | — | View 990 |
| 2011 | $108K | $112K | $1.1M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $181K, expenses of $186K, and assets of $1.3M (revenue +8.6% year-over-year).
- 2022: Revenue of $167K, expenses of $170K, and assets of $1.3M (revenue -9.0% year-over-year).
- 2021: Revenue of $184K, expenses of $141K, and assets of $1.3M (revenue +2.0% year-over-year).
- 2020: Revenue of $180K, expenses of $149K, and assets of $1.2M (revenue +4.1% year-over-year).
- 2019: Revenue of $173K, expenses of $141K, and assets of $1.2M (revenue +1.8% year-over-year).
- 2018: Revenue of $170K, expenses of $147K, and assets of $1.2M (revenue +39.0% year-over-year).
- 2017: Revenue of $122K, expenses of $143K, and assets of $1.2M (revenue -18.3% year-over-year).
- 2016: Revenue of $149K, expenses of $140K, and assets of $1.2M (revenue -10.0% year-over-year).
- 2015: Revenue of $166K, expenses of $144K, and assets of $1.2M (revenue +29.9% year-over-year).
- 2014: Revenue of $128K, expenses of $120K, and assets of $1.1M (revenue +11.4% year-over-year).
- 2013: Revenue of $115K, expenses of $121K, and assets of $1.1M (revenue -13.9% year-over-year).
- 2012: Revenue of $133K, expenses of $115K, and assets of $1.1M (revenue +23.2% year-over-year).
- 2011: Revenue of $108K, expenses of $112K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waseca Community Arena:
Data Sources and Methodology
This transparency report for Waseca Community Arena is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.