Asheville Buncombe Youth Soccer Association Inc

Analysis

Asheville Buncombe Youth Soccer Association Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in December 2000, 26 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, Asheville Buncombe Youth Soccer Association Inc reported income of $4.1m and spending of $3.3m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $4.1m (+79%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 78%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Asheville Buncombe Youth Soccer Association Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Whitefish Community Aquatics and Health Center ($4.1m), Tampa Bay Sports Commission Inc ($4.2m) and New York Soccer Club of Westchester Inc ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $148k (4.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.2m against liabilities of $731k, net assets of $2.4m. It reported 147 employees.