Smithfield Youth Soccer Association

Analysis

Smithfield Youth Soccer Association is a registered charity in United States, based in Greenville, RI. It received its IRS tax-exemption ruling in January 1982, 44 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Smithfield Youth Soccer Association reported income of $213k and spending of $192k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $171k to $213k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 50%. 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, Smithfield Youth Soccer Association sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 51st percentile within RI. Charities of a similar size with the same main cause include Wilmington Delaware Area Rotary Clubs Community Fund ($213k), Millard Sox Baseball Club ($213k) and Falmouth Harbor Sailing School Inc ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 97% of the total. At year end it held assets of $179k against liabilities of $0, net assets of $179k.