Nashville United Soccer Academy

Analysis

Nashville United Soccer Academy is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in May 2022, 4 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 June 2023, Nashville United Soccer Academy reported income of $1.9m and spending of $1.7m, spending 91% of its income. Across the 3 years on record, from June 2020 to June 2023, income grew from $701k to $1.9m (+168%), an average of +64% a year. The sharpest change came in the year to June 2023, when income rose by 121%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nashville United Soccer Academy sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Mobile Carnival Association Inc ($1.9m), Pease Park Conservancy ($1.9m) and Hartford Independent Agricultural Society ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.8% of the total. Other salaries and wages came to $819k. At year end it held assets of $914k against liabilities of $72k, net assets of $842k. It reported 6 employees.