Lake Washington Youth Soccer Association

Analysis

Lake Washington Youth Soccer Association is a registered charity in United States, based in Kirkland, WA. It received its IRS tax-exemption ruling in September 1973, 53 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, Lake Washington Youth Soccer Association reported income of $4.2m and spending of $3.8m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $4.2m (+2.4%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake Washington Youth Soccer Association sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WA. Charities of a similar size with the same main cause include Sky High Volleyball Club ($4.2m), Jacksonville Juniors Volleyball Association Inc ($4.2m) and United States Masters Swimming Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $6.0m against liabilities of $724k, net assets of $5.3m. It reported 50 employees.