Carolina Elite Soccer Academy

Analysis

Carolina Elite Soccer Academy is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in September 1998, 28 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, Carolina Elite Soccer Academy reported income of $4.7m and spending of $4.3m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $4.7m (+59%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Carolina Elite Soccer Academy 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 92nd percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include Minnesota Youth Athletic Services Inc ($4.7m), Tenacity Inc ($4.7m) and Washington Square Park Conservancy Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.3% and program service revenue 86% of the total. Other salaries and wages came to $768k. At year end it held assets of $6.9m against liabilities of $5.4m, net assets of $1.5m. It reported 22 employees.