Lonestar Soccer Club of Austin Inc

Analysis

Lonestar Soccer Club of Austin Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 1979, 47 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 2023, Lonestar Soccer Club of Austin Inc reported income of $10.9m and spending of $10.3m, spending 95% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $9.4m to $10.9m (+16%), an average of +3.7% a year. The sharpest change came in the year to May 2022, when income rose by 16%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lonestar Soccer Club of Austin Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include World Golf Foundation Inc ($10.9m), The Los Angeles Dodgers Foundation ($10.9m) and America East ($10.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 8.9% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $576k (5.6% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $11.6m against liabilities of $5.2m, net assets of $6.4m. It reported 110 employees.