New River United Soccer Association

Analysis

New River United Soccer Association is a registered charity in United States, based in Christiansbrg, VA. It received its IRS tax-exemption ruling in April 2001, 25 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 July 2023, New River United Soccer Association reported income of $456k and spending of $522k, spending 114% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $511k to $456k (-11%), an average of -2.8% a year. The sharpest change came in the year to July 2021, when income rose by 64%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New River United Soccer Association sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Traverse City Figure Skating Club ($456k), Great Lakes Burn Camp ($457k) and Carroll Emerald Belles Booster Club ($456k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 8.6% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $96k (18% of expenses). Other salaries and wages came to $74k. At year end it held assets of $293k against liabilities of $2,047, net assets of $291k. It reported 6 employees.