Florence Soccer Association

Analysis

Florence Soccer Association is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in February 1996, 30 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 December 2023, Florence Soccer Association reported income of $474k and spending of $438k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $301k to $474k (+58%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Florence Soccer Association sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within SC. Charities of a similar size with the same main cause include Treasure Coast Officials Association of Florida Inc ($474k), Rocket Aquatics Inc ($474k) and Eagles Athletic Association ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. At year end it held assets of $175k against liabilities of $0, net assets of $175k.