Cape Fear Youth Soccer Assocation Inc

Analysis

Cape Fear Youth Soccer Assocation Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in November 1999, 27 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, Cape Fear Youth Soccer Assocation Inc reported income of $1.6m and spending of $1.7m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.6m (-1.3%), an average of -0.3% a year. The sharpest change came in the year to June 2020, when income dropped by 19%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cape Fear Youth Soccer Assocation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Ferry Beach Park Association ($1.6m), New Jersey Golf Foundation Incorporated ($1.6m) and Kensington Valley Hockey Association Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $108k (6.4% of expenses). Other salaries and wages came to $461k. At year end it held assets of $594k against liabilities of $295k, net assets of $300k. It reported 13 employees.