Soccer Academy of the Americasmiami Inc

Analysis

Soccer Academy of the Americasmiami Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 2007, 19 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 2022, Soccer Academy of the Americasmiami Inc reported income of $188k and spending of $248k, spending 132% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $293k to $188k (-36%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 28%. Over the whole period it spent 123% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Soccer Academy of the Americasmiami Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Kentucky USA Wrestling Inc ($188k), Carmel United Soccer Club of New York Inc ($188k) and Pop Warner Little Scholars Inc ($188k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $26k against liabilities of $246k, net assets of -$220k.