Soccer Assoc for Youth

Analysis

Soccer Assoc for Youth is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 1972, 54 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 December 2023, Soccer Assoc for Youth reported income of $976k and spending of $980k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $746k to $976k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Soccer Assoc for Youth sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include MCSP Inc ($976k), Ceiba Foundation for Tropical Conservation Incorporated ($977k) and Community Housing Services ($976k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $131k (13% of expenses). Other salaries and wages came to $22k. At year end it held assets of $87k against liabilities of $4,134, net assets of $83k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.