Petoskey Youth Soccer Association

Analysis

Petoskey Youth Soccer Association is a registered charity in United States, based in Petoskey, MI. It received its IRS tax-exemption ruling in September 1992, 34 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Petoskey Youth Soccer Association reported income of $353k and spending of $331k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $293k to $353k (+20%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 237%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Petoskey Youth Soccer Association sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Burke Basketball Association ($353k), Jackson Reed Tiger Athletics Inc ($353k) and White Pine Wilderness Land Trust Inc ($353k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 78% of the total. Other salaries and wages came to $70k. At year end it held assets of $426k against liabilities of $27k, net assets of $399k. It reported 4 employees.