Pinecrest Premier Soccer Inc

Analysis

Pinecrest Premier Soccer Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 2001, 25 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 December 2023, Pinecrest Premier Soccer Inc reported income of $1.8m and spending of $1.9m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.8m (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 106%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pinecrest Premier Soccer Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include DC Sports & Recreation Association Inc ($1.8m), Arizona Region USA Volleyball ($1.8m) and Detroit Country Club Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. Other salaries and wages came to $293k. At year end it held assets of $828k against liabilities of $838k, net assets of -$10k. It reported 4 employees.