Wilmington Soccer Academy

Analysis

Wilmington Soccer Academy is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in April 2012, 14 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, Wilmington Soccer Academy reported income of $448k and spending of $397k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $230k to $448k (+95%), an average of +95% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wilmington Soccer Academy sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Swarm Baseball Foundation ($448k), Triangle Rowing Club ($448k) and Marlboro Youth Baseball & Softball Association Inc ($448k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $53k (13% of expenses). At year end it held assets of $75k against liabilities of -$294, net assets of $76k. It reported 1 employees.