Prince William Soccer Incorporated

Analysis

Prince William Soccer Incorporated is a registered charity in United States, based in Woodbridge, VA. It received its IRS tax-exemption ruling in August 1985, 41 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 June 2023, Prince William Soccer Incorporated reported income of $4.0m and spending of $3.5m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $4.0m (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Prince William Soccer Incorporated 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 91st percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Crossroads for Youth ($4.0m), Pennsylvania National Horse Show Foundation ($4.0m) and Mountain View Volleyball Club Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $138k (3.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.2m against liabilities of $1.2m, net assets of $959k. It reported 63 employees.