Miami Lakes United Soccer Club Inc

Analysis

Miami Lakes United Soccer Club Inc is a registered charity in United States, based in Hialeah, FL. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Miami Lakes United Soccer Club Inc reported income of $781k and spending of $781k, spending 100% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $500k to $781k (+56%), an average of +12% a year. The sharpest change came in the year to May 2022, when income rose by 37%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Miami Lakes United Soccer Club Inc 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 78th percentile within FL. Charities of a similar size with the same main cause include Blue Ridge Youth Soccer Association Inc ($780k), Shikar-Safari Club International ($781k) and Maple Brook Soccer Association ($780k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $130k (17% of expenses). At year end it held assets of $17k against liabilities of $126k, net assets of -$109k. It reported 4 employees.