Kentucky Youth Soccer Association Inc

Analysis

Kentucky Youth Soccer Association Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in September 1980, 46 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 August 2023, Kentucky Youth Soccer Association Inc reported income of $1.7m and spending of $1.6m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.5m to $1.7m (+11%), an average of +2.6% a year. The sharpest change came in the year to August 2021, when income rose by 59%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kentucky Youth Soccer Association Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within KY. Charities of a similar size with the same main cause include Good Fellows Club Inc ($1.7m), Rage Volleyball Club Incorporated ($1.7m) and Federation of International Lacrosse ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 42% and program service revenue 50% of the total. Other salaries and wages came to $403k. At year end it held assets of $1.3m against liabilities of $30k, net assets of $1.3m. It reported 6 employees.