Siy Soccer League Inc

Analysis

Siy Soccer League Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in July 2003, 23 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, Siy Soccer League Inc reported income of $215k and spending of $205k, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $275k to $215k (-22%), an average of -6.0% a year. The sharpest change came in the year to August 2020, when income dropped by 29%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Siy Soccer League Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Ridgefield Youth Football Inc ($215k), Spartan Boxing Club ($215k) and Rays Team Inc ($215k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 25% and program service revenue 85% of the total. Other salaries and wages came to $22k. At year end it held assets of $255k against liabilities of $4,950, net assets of $250k. It reported 5 employees.