Peninsula Soccer League

Analysis

Peninsula Soccer League is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 1995, 31 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 2022, Peninsula Soccer League reported income of $3.7m and spending of $4.2m, spending 113% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $3.4m to $3.7m (+10%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Peninsula Soccer League sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Rabble Mill ($3.7m), Tennessee State Soccer Association ($3.7m) and Morgans Wonderland ($3.7m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $285k (6.8% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $726k against liabilities of $623k, net assets of $103k. It reported 58 employees.