Silicon Valley Soccer Academy

Analysis

Silicon Valley Soccer Academy is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in March 2018, 8 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 April 2023, Silicon Valley Soccer Academy reported income of $1.2m and spending of $1.2m, spending 101% of its income. Across the 3 years on record, from December 2019 to April 2023, income grew from $606k to $1.2m (+104%), an average of +43% a year. The sharpest change came in the year to April 2023, when income rose by 552%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Silicon Valley Soccer Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include DC Edge Adult Synchronized Skating Teams ($1.2m), American Sail Training Association ($1.2m) and Friends of American Lake Veterans Golf Course ($1.2m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Other salaries and wages came to $438k. At year end it held assets of $734 against liabilities of $0, net assets of $734.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.