Oswego Southside Soccer Academy

Analysis

Oswego Southside Soccer Academy is a registered charity in United States, based in West Linn, OR. It received its IRS tax-exemption ruling in March 2011, 15 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 April 2023, Oswego Southside Soccer Academy reported income of $1.3m and spending of $1.4m, spending 106% of what it took in. Across the 5 years on record, from July 2019 to April 2023, income grew from $907k to $1.3m (+45%), an average of +9.7% a year. The sharpest change came in the year to April 2021, when income rose by 434%. Over the whole period it spent 114% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Oswego Southside Soccer Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within OR. Charities of a similar size with the same main cause include Metroplex Aquatics ($1.3m), United States Bowling Congress Inc ($1.3m) and St Francis Desales High Schoolfoundation Inc ($1.3m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 1.9% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $18k (1.3% of expenses). Other salaries and wages came to $630k. At year end it held assets of $109k against liabilities of $204k, net assets of -$95k. It reported 56 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.