Classics Elite Soccer Academy Inc

Analysis

Classics Elite Soccer Academy Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in August 2004, 22 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 June 2023, Classics Elite Soccer Academy Inc reported income of $2.2m and spending of $2.2m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.7m to $2.2m (+29%), an average of +8.9% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Classics Elite Soccer Academy Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Bethesda Chevy Chase Baseball Inc ($2.2m), Southeastern Oklahoma Family Services Inc ($2.2m) and Austin Rowing Club ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $277k (12% of expenses). Other salaries and wages came to $681k. At year end it held assets of $1.6m against liabilities of $532k, net assets of $1.1m. It reported 17 employees.