Central Virginia United Soccer Inc

Analysis

Central Virginia United Soccer Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in September 1988, 38 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 June 2023, Central Virginia United Soccer Inc reported income of $373k and spending of $390k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $444k to $373k (-16%), an average of -4.3% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Central Virginia United Soccer Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Girdwood Forest Fair ($373k), Escot Youth Development Inc ($373k) and Chatham United Soccer Inc ($373k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.3% and program service revenue 91% of the total. Other salaries and wages came to $79k. At year end it held assets of $1.1m against liabilities of $364k, net assets of $754k. It reported 4 employees.