First Touch Soccer Inc

Analysis

First Touch Soccer Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2008, 18 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, First Touch Soccer Inc reported income of $67k and spending of $67k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $43k to $67k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, First Touch Soccer Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 13th percentile within DC. Charities of a similar size with the same main cause include Capitol City BMX ($67k), Jefferson Youth Football League Inc ($67k) and Viking Booster Club ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 75% of the total. At year end it held assets of $454k against liabilities of $0, net assets of $454k.