Charlotte Soccer Academy

Analysis

Charlotte Soccer Academy is a registered charity in United States, based in Pineville, NC. It received its IRS tax-exemption ruling in June 1995, 31 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, Charlotte Soccer Academy reported income of $9.3m and spending of $8.8m, spending 94% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $6.6m to $9.3m (+40%), an average of +12% a year. The sharpest change came in the year to May 2022, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Charlotte Soccer Academy sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Mosholu-Montefiore Community Center Inc ($9.3m), Camp Twin Lakes Inc ($9.4m) and Wilds Christian Association Inc ($9.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 0.3% and program service revenue 97% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $11.6m against liabilities of $4.7m, net assets of $6.9m. It reported 39 employees.