Potomac Soccer Association Inc

Analysis

Potomac Soccer Association Inc is a registered charity in United States, based in Germantown, MD. It received its IRS tax-exemption ruling in April 1983, 43 years ago. 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 June 2023, Potomac Soccer Association Inc reported income of $3.1m and spending of $2.7m, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $3.1m (+107%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 87%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Potomac Soccer Association Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include University of Kentucky Markey Cancer Foundation Inc ($3.1m), The International Assoc of Computer Investigative Specialists Inc ($3.1m) and Ronald McDonald House Charities of Greater Delaware Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $2.2m against liabilities of $175k, net assets of $2.1m. It reported 63 employees.