Princeton Elite Soccer Academy Inc

Analysis

Princeton Elite Soccer Academy Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 July 2023, Princeton Elite Soccer Academy Inc reported income of $1.3m and spending of $1.4m, spending 103% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.0m to $1.3m (+30%), an average of +6.7% a year. The sharpest change came in the year to July 2023, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Princeton Elite Soccer Academy Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Kidspace ($1.3m), Tibbetts All Ability Park ($1.3m) and Boys and Girls Club of Wichita Falls Endowment Fund ($1.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $124k (9.0% of expenses). Other salaries and wages came to $211k. At year end it held assets of $1.5m against liabilities of $919k, net assets of $621k. It reported 4 employees.