Nigerian Soccer League

Analysis

Nigerian Soccer League is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in September 2015, 11 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 (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, Nigerian Soccer League reported income of $51k and spending of $40k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $36k to $51k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nigerian Soccer League sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within MD. Charities of a similar size with the same main cause include Paderewski Festival ($51k), Friends of Hoyt Park ($51k) and Desert Communities Soccer Club ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.