Racine Area Soccer Association Inc

Analysis

Racine Area Soccer Association Inc is a registered charity in United States, based in Franksville, WI. It received its IRS tax-exemption ruling in April 1979, 47 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, Racine Area Soccer Association Inc reported income of $882k and spending of $727k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $782k to $882k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 39%. 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, Racine Area Soccer Association Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WI. Charities of a similar size with the same main cause include Boston Fencing Club Inc ($882k), Newton Commonwealth Foundation Inc ($883k) and Great Basin Youth Soccer League of Nevada ($882k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 68% of the total. At year end it held assets of $1.3m against liabilities of $9,300, net assets of $1.3m.