Webster Soccer Association Inc

Analysis

Webster Soccer Association Inc is a registered charity in United States, based in Webster, NY. It received its IRS tax-exemption ruling in November 1977, 49 years ago. 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 August 2023, Webster Soccer Association Inc reported income of $1.2m and spending of $1.1m, spending 90% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $929k to $1.2m (+27%), an average of +6.1% a year. The sharpest change came in the year to August 2021, when income rose by 119%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Webster Soccer Association Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Iowa Volleyball Association ($1.2m), Beth Israel Medical Center Holding Corporation ($1.2m) and Colab Foundation Inc ($1.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $53k (5.0% of expenses). Other salaries and wages came to $120k. At year end it held assets of $2.2m against liabilities of $1.5m, net assets of $745k. It reported 52 employees.