Maryland Soccer Foundation Inc

Analysis

Maryland Soccer Foundation Inc is a registered charity in United States, based in Boyds, MD. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Maryland Soccer Foundation Inc reported income of $5.8m and spending of $5.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.0m to $5.8m (-3.4%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income rose by 168%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Maryland Soccer Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Boys & Girls Clubs of Columbus Inc ($5.8m), Girl Scouts of North-Central Alabama Inc ($5.8m) and Nebraska Youth Justice Initiative ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $179k (3.2% of expenses). At year end it held assets of $15.5m against liabilities of $3.2m, net assets of $12.2m. It reported 159 employees.