Spirit of Soccer Inc

Analysis

Spirit of Soccer Inc is a registered charity in United States, based in Huntingdon, PA. It received its IRS tax-exemption ruling in June 2004, 22 years ago. 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, Spirit of Soccer Inc reported income of $1.8m and spending of $1.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.8m (+9.6%), an average of +2.3% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spirit of Soccer Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Peace Dale United Church Housing Inc ($1.8m), Central Georgia Technical College Foundation Inc ($1.8m) and Westfield Co-Op Nursery School ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $344k against liabilities of $1,078, net assets of $343k.