The North Carolina Adult Soccer Association

Analysis

The North Carolina Adult Soccer Association is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in January 2003, 23 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 December 2023, The North Carolina Adult Soccer Association reported income of $615k and spending of $486k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $106k to $615k (+478%), an average of +55% a year. The sharpest change came in the year to December 2021, when income rose by 109%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The North Carolina Adult Soccer Association sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Quincy Youth Hockey Association Inc ($615k), Ann Arbor Skyline Athletic Booster Club ($615k) and Runyon Sports Complex Commission Inc ($614k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.6% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $76k (16% of expenses). Other salaries and wages came to $14k. At year end it held assets of $620k against liabilities of $32k, net assets of $587k. It reported 2 employees.