Cedar River Soccer Association Inc

Analysis

Cedar River Soccer Association Inc is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in December 1998, 28 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 July 2023, Cedar River Soccer Association Inc reported income of $524k and spending of $568k, spending 108% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $476k to $524k (+10%), an average of +2.5% a year. The sharpest change came in the year to July 2023, when income rose by 30%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cedar River Soccer Association Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within IA. Charities of a similar size with the same main cause include Western Howard County Youth Baseball/Softball League Inc ($524k), Panamerican Taekwondo ($525k) and New Jersey Fencing Alliance Inc ($524k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $75k (13% of expenses). Other salaries and wages came to $30k. At year end it held assets of $499k against liabilities of $180k, net assets of $319k. It reported 4 employees.

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.