Carolina Youth Soccer Assn Inc

Analysis

Carolina Youth Soccer Assn Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Carolina Youth Soccer Assn Inc reported income of $2.3m and spending of $2.3m, spending 97% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $2.3m to $2.3m (+3.6%), an average of +0.9% a year. The sharpest change came in the year to May 2021, when income dropped by 18%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Carolina Youth Soccer Assn Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Arkansas 4-H Foundation Inc ($2.3m), Henrico Police Athletic League ($2.3m) and Propel Inc ($2.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $176k (7.7% of expenses). Other salaries and wages came to $771k. At year end it held assets of $1.8m against liabilities of $447k, net assets of $1.3m. It reported 80 employees.