Virgina Soccer Alliance Inc

Analysis

Virgina Soccer Alliance Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in April 1984, 42 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, Virgina Soccer Alliance Inc reported income of $3.4m and spending of $3.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $3.4m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Virgina Soccer Alliance Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within VA. Charities of a similar size with the same main cause include Interscholastic Equestrian Association Inc ($3.4m), Fairytale Town Inc ($3.4m) and Head Over Heels Gymnastics Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 93% of the total. At year end it held assets of $6.2m against liabilities of $3.8m, net assets of $2.4m.