Puget Sound Premier League

Analysis

Puget Sound Premier League is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 2015, 11 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 February 2023, Puget Sound Premier League reported income of $2.2m and spending of $1.9m, spending 86% of its income. Across the 5 years on record, from February 2019 to February 2023, income grew from $1.7m to $2.2m (+34%), an average of +7.7% a year. The sharpest change came in the year to February 2022, when income rose by 522%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Puget Sound Premier League sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Phelps Community Center Inc ($2.2m), Cradle Beach Inc ($2.2m) and West Fargo Baseball Inc ($2.2m).

On its Form 990 for the period ending February 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $72k (3.8% of expenses). At year end it held assets of $1.0m against liabilities of $616k, net assets of $406k. It reported 2 employees.