Torrington Youth Soccer Inc

Analysis

Torrington Youth Soccer Inc is a registered charity in United States, based in Torrington, CT. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Torrington Youth Soccer Inc reported income of $97k and spending of $51k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $97k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 64% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Torrington Youth Soccer Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within CT. Charities of a similar size with the same main cause include Montrezl Harrell Youth Foundation Inc ($97k), Champlin Park Band Association ($97k) and Midnight Suns Baseball Club ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 46% of the total. At year end it held assets of $149k against liabilities of $0, net assets of $149k.