Gulfsouth Soccer Club Inc

Analysis

Gulfsouth Soccer Club Inc is a registered charity in United States, based in Miramar Beach, FL. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Gulfsouth Soccer Club Inc reported income of $352k and spending of $307k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $247k to $352k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Gulfsouth Soccer Club Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Hudsons 1st Class Academy ($351k), East Oakland Youth Development Foundation ($353k) and Youth Leadership Initiative ($351k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $52k. At year end it held assets of $134k against liabilities of $2,200, net assets of $132k. It reported 4 employees.