High Point Soccer Association Inc

Analysis

High Point Soccer Association Inc is a registered charity in United States, based in High Point, NC. It received its IRS tax-exemption ruling in June 1985, 41 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 May 2023, High Point Soccer Association Inc reported income of $211k and spending of $160k, leaving 24% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $141k to $211k (+50%), an average of +14% a year. The sharpest change came in the year to May 2022, when income rose by 88%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, High Point Soccer Association Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Mid-Columbia Conference ($211k), Sorcerer Softball Club Inc ($211k) and The Big Four Fair Association ($211k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $74k (46% of expenses). At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 3 employees.