Elite Soccer Youth Development Academy Inc

Analysis

Elite Soccer Youth Development Academy Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in February 2014, 12 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 (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, Elite Soccer Youth Development Academy Inc reported income of $312k and spending of $357k, spending 114% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $225k to $312k (+39%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Elite Soccer Youth Development Academy Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Arden Park Soccer Club ($312k), Florida Recreational Sports Inc ($313k) and Miami Strike Force Inc ($312k).

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 $36k (10% of expenses). At year end it held assets of $192k against liabilities of $10k, net assets of $182k.