New Mexico Soccer Academy Inc

Analysis

New Mexico Soccer Academy Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 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, New Mexico Soccer Academy Inc reported income of $438k and spending of $330k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $296k to $438k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New Mexico Soccer Academy Inc 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 66th percentile within NM. Charities of a similar size with the same main cause include Ysk Events ($437k), Recreation Association of Madison Simis School ($438k) and Monterey Bay Swim Club ($437k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $95k (29% of expenses). At year end it held assets of $201k against liabilities of $0, net assets of $201k. It reported 2 employees.