Community Athletic Soccer Academy

Analysis

Community Athletic Soccer Academy is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 2010, 16 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Athletic Soccer Academy reported income of $795k and spending of $911k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $795k (+243%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 321%. Over the whole period it spent 124% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Community Athletic Soccer Academy sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CO. Charities of a similar size with the same main cause include Soul Shoppe Programs ($795k), Math Enrichment Summer Academy Inc ($798k) and Ground Zero Ministries Inc ($795k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (8.8% of expenses). Other salaries and wages came to $147k. At year end it held assets of $184k against liabilities of $543k, net assets of -$360k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.