Soccer Association Ofcolumbia Inc

Analysis

Soccer Association Ofcolumbia Inc is a registered charity in United States, based in Ellicott City, MD. It received its IRS tax-exemption ruling in November 1979, 47 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 August 2022, Soccer Association Ofcolumbia Inc reported income of $7.8m and spending of $7.2m, spending 92% of its income. Across the 4 years on record, from August 2019 to August 2022, income grew from $6.5m to $7.8m (+20%), an average of +6.2% a year. The sharpest change came in the year to August 2021, when income rose by 42%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Soccer Association Ofcolumbia Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Young Judaea Camp Tel Yehudah Inc ($7.7m), Norris Penrose Legacy Foundation ($7.9m) and Albion Hurricanes F C ($7.7m).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 5.9% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $404k (5.6% of expenses). Other salaries and wages came to $247k. At year end it held assets of $14.7m against liabilities of $7.3m, net assets of $7.4m. It reported 124 employees.