Vitesse Soccer Inc

Analysis

Vitesse Soccer Inc is a registered charity in United States, based in Gray, TN. It received its IRS tax-exemption ruling in August 2006, 20 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 December 2023, Vitesse Soccer Inc reported income of $125k and spending of $127k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $89k to $125k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Vitesse Soccer Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within TN. Charities of a similar size with the same main cause include Pecatonica Sports Association ($125k), Little League Baseball Inc ($125k) and Alto Fair Inc ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $22k against liabilities of $16k, net assets of $5,203.