Sting Soccer Foundation

Analysis

Sting Soccer Foundation is a registered charity in United States, based in Addison, TX. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Sting Soccer Foundation reported income of $471k and spending of $564k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $471k (-61%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 81%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sting Soccer Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Redlands Community Scholarship Foundation ($471k), Poe Mill Achievement Center ($472k) and Institute of Door Dealer Education and Accreditation Inc ($471k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. At year end it held assets of $2.7m against liabilities of $1.6m, net assets of $1.1m.