Virgina Beach Travel Soccer Inc

Analysis

Virgina Beach Travel Soccer Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in February 1991, 35 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 2024, Virgina Beach Travel Soccer Inc reported income of $3.8m and spending of $3.2m, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.4m to $3.8m (+56%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Virgina Beach Travel Soccer Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Womens Center ($3.8m), Rappahannock Goodwill Industries ($3.8m) and Cathedral Towers Inc ($3.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 17% of the total. Other salaries and wages came to $618k. At year end it held assets of $4.9m against liabilities of $734k, net assets of $4.1m. It reported 10 employees.