Downtown Las Vegas Soccer Club

Analysis

Downtown Las Vegas Soccer Club is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in December 2005, 21 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, Downtown Las Vegas Soccer Club reported income of $2.5m and spending of $2.3m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.5m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2022, when income rose by 25%. 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, Downtown Las Vegas Soccer Club sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NV. Charities of a similar size with the same main cause include Falmouth Road Race Inc ($2.5m), Untermyer Gardens Conservancy ($2.5m) and Norco Juniors Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $190k (8.2% of expenses). Other salaries and wages came to $432k. At year end it held assets of $1.2m against liabilities of $36k, net assets of $1.2m. It reported 31 employees.