Katy Soccer Academy 14

Analysis

Katy Soccer Academy 14 is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in July 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, Katy Soccer Academy 14 reported income of $200k and spending of $285k, spending 142% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $240k to $200k (-17%), an average of -5.9% a year. The sharpest change came in the year to December 2021, when income dropped by 17%. Over the whole period it spent 123% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Katy Soccer Academy 14 sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within TX. Charities of a similar size with the same main cause include Goldies Youth Sports ($200k), Colorado Youth Tennis Foundation ($200k) and Wave Baseball of Northwest Florida Inc ($200k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of -$85k against liabilities of $0, net assets of -$85k.

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.