Lake Gaston Soccer Association

Analysis

Lake Gaston Soccer Association is a registered charity in United States, based in South Hill, VA. It received its IRS tax-exemption ruling in April 2009, 17 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lake Gaston Soccer Association reported income of $60k and spending of $56k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $62k to $60k (-3.1%), an average of -0.8% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 112% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake Gaston Soccer Association sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within VA. Charities of a similar size with the same main cause include Bay State Trail Riders Association Inc ($60k), Rodeo Boosters Club ($60k) and Keene Cal Ripken Baseball Association ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 35% of the total. At year end it held assets of $534k against liabilities of $512k, net assets of $22k.