Las Vegas Soccer Association

Analysis

Las Vegas Soccer Association is a registered charity in United States, based in Las Vegas, NV. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Las Vegas Soccer Association reported income of $2.6m and spending of $2.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $2.6m (-0.6%), an average of -0.2% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Las Vegas Soccer Association 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 88th percentile, and in the 90th percentile within NV. Charities of a similar size with the same main cause include Nevada Interscholastic Activities Association ($2.6m), Empire United Soccer Academy Inc ($2.6m) and Braddock Road Youth Club ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $174k (6.7% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.7m against liabilities of $1.2m, net assets of $520k. It reported 61 employees.