Virginia Soccer Association Inc

Analysis

Virginia Soccer Association Inc is a registered charity in United States, based in Haymarket, VA. It received its IRS tax-exemption ruling in March 2000, 26 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, Virginia Soccer Association Inc reported income of $3.0m and spending of $2.5m, spending 84% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.0m (+21%), an average of +6.5% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Virginia Soccer Association 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 89th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include USA Wrestling Utah ($3.0m), Michigan Wolves-Hawks Soccer Club ($3.0m) and Rebel Soccer League ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.6% and program service revenue 98% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $2.7m against liabilities of $271k, net assets of $2.4m. It reported 47 employees.