Future Soccer Academy

Analysis

Future Soccer Academy is a registered charity in United States, based in Tenafly, NJ. It received its IRS tax-exemption ruling in May 2014, 12 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, Future Soccer Academy reported income of $743k and spending of $414k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $501k to $743k (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 66% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Future Soccer Academy sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Lincoln Youth Soccer ($742k), Reno Bike Project Inc ($743k) and Lake Highlands Girls Classic League ($742k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $930k against liabilities of $0, net assets of $930k.