Hampton Roads Soccer Council

Analysis

Hampton Roads Soccer Council is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in March 1994, 32 years ago. 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 December 2023, Hampton Roads Soccer Council reported income of $1.2m and spending of $990k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $884k to $1.2m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 241%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hampton Roads Soccer Council sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include The Kathy Herward Child Care Center ($1.2m), Volunteers of America Inc ($1.2m) and Madison Parks Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $419k (42% of expenses). At year end it held assets of $2.5m against liabilities of $27k, net assets of $2.5m. It reported 16 employees.