ACTIVE KIDS ASSOCIATION OF SPORT
Mission Statement
AKASPORT strives to Keep Kids Well Rounded Through Sport! AKASPORT is a 501(c)3 Minnesota Nonprofit Organization designed to provide sport programs and camps to active kids and families. Currently in our 11th year, AKASPORT is a safe place where youth ages 6-15 build confidence through sport and education. Each week our participants play a variety of sports, meet new friends and attend exciting and educational events around Minnesota. We believe sport is a vehicle to keep kids healthy, active and excited while developing physically, socially and emotionally. Our key focuses include: -Putting Families First -Keeping Kids Healthy and Enthused -Tackling the Inactivity Epidemic- Get Out and Play! -Understanding and Actively Fighting the Obesity Epidemic -Teaching Kids the Principles of Philanthropy- Giving Back is the Best!
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
78.1% | 87.3% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
21.2% | 9.6% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.6% | 0.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
-0.4 mo | 8.5 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
115.3% | 11.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
98.5% | 90.1% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
3.0% | 10.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
17.1% | 13.3% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-1.2% | 2.8% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $1.7M | $1.7M | $-52,036 | 78.1% | 120 |
| 2022 | $1.6M | $1.4M | $106K | 90.5% | 104 |
| 2021 | $1.2M | $1.2M | N/A | — | 90 |
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