Capital Area Soccer League Inc

Analysis

Capital Area Soccer League Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 1975, 51 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 July 2023, Capital Area Soccer League Inc reported income of $17.0m and spending of $16.7m, spending 99% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $13.9m to $17.0m (+22%), an average of +5.1% a year. The sharpest change came in the year to July 2021, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Capital Area Soccer League 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 97th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include New Hanover Community Health Center Inc ($17.0m), Pioneer Home Incorporated ($17.0m) and Seven Hills School ($17.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 8.9% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $624k (3.7% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $18.3m against liabilities of $9.4m, net assets of $8.9m. It reported 434 employees.