Valrico Youth Soccer Club Inc

Analysis

Valrico Youth Soccer Club Inc is a registered charity in United States, based in Riverview, FL. It received its IRS tax-exemption ruling in September 2003, 23 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 May 2024, Valrico Youth Soccer Club Inc reported income of $938k and spending of $845k, spending 90% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $398k to $938k (+136%), an average of +24% a year. The sharpest change came in the year to May 2024, when income rose by 176%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Valrico Youth Soccer Club Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Fond du Lac County Agricultural Society ($937k), Buffalo Maritime Center Inc ($938k) and Gateway Region Volleyball Association ($936k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $436k. At year end it held assets of $173k against liabilities of $0, net assets of $173k.