Collierville Soccer Association

Analysis

Collierville Soccer Association is a registered charity in United States, based in Collierville, TN. It received its IRS tax-exemption ruling in November 1993, 33 years ago. 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, Collierville Soccer Association reported income of $2.2m and spending of $2.3m, spending 102% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.9m to $2.2m (+14%), an average of +3.3% a year. The sharpest change came in the year to May 2021, when income rose by 30%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Collierville Soccer Association sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include Corn Bible Academy Inc ($2.2m), Standing Together Against Rape Inc - S T a R ($2.2m) and Sunburst Projects ($2.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $126k (5.6% of expenses). Other salaries and wages came to $337k. At year end it held assets of $592k against liabilities of $228k, net assets of $365k. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.