Laredo Youth Soccer Association

Analysis

Laredo Youth Soccer Association is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in April 2008, 18 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 2020, Laredo Youth Soccer Association reported income of $213k and spending of $197k, spending 93% of its income. Across the 2 years on record, from December 2019 to December 2020, income fell from $228k to $213k (-6.7%), an average of -6.7% a year. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Laredo Youth Soccer Association sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include TCR Youth Baseball Association ($212k), Honeoye Falls-Mendon Youth Baseball League Inc ($213k) and Vanguards Football Boosters ($212k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $28k. At year end it held assets of $21k against liabilities of $1,058, net assets of $20k. It reported 2 employees.