Empire United Soccer Academy Inc

Analysis

Empire United Soccer Academy Inc is a registered charity in United States, based in W Henrietta, NY. It received its IRS tax-exemption ruling in August 2001, 25 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 July 2024, Empire United Soccer Academy Inc reported income of $2.6m and spending of $2.7m, spending 104% of its income. Across the 6 years on record, from August 2019 to July 2024, income grew from $2.4m to $2.6m (+7.9%), an average of +1.5% a year. The sharpest change came in the year to July 2020, when income dropped by 26%. 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, Empire United Soccer Academy Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Las Vegas Soccer Association ($2.6m), Middle Tyger Community Center ($2.6m) and Nevada Interscholastic Activities Association ($2.6m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 95% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $189k (6.9% of expenses). Other salaries and wages came to $311k. At year end it held assets of $4.2m against liabilities of $4.7m, net assets of -$479k. It reported 11 employees.