Gainesville Soccer Alliance Inc

Analysis

Gainesville Soccer Alliance Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in March 2004, 22 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 2023, Gainesville Soccer Alliance Inc reported income of $854k and spending of $777k, spending 91% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $704k to $854k (+21%), an average of +5.0% a year. The sharpest change came in the year to July 2022, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gainesville Soccer Alliance Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Champions for Life Inc ($854k), Greater Akron Fore Youth Devlpt Inc ($855k) and The First Tee of Baltimore Inc ($853k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $123k (16% of expenses). Other salaries and wages came to $10k. At year end it held assets of $629k against liabilities of $116k, net assets of $513k. It reported 4 employees.