Florida Elite Soccer Academy Inc

Analysis

Florida Elite Soccer Academy Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in April 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, Florida Elite Soccer Academy Inc reported income of $4.5m and spending of $4.7m, spending 103% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $4.9m to $4.5m (-7.7%), an average of -2.0% a year. The sharpest change came in the year to May 2021, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florida Elite Soccer Academy Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include School of Urban Missions ($4.5m), Prevent Child Abuse California ($4.5m) and Cfes Brilliant Pathways Inc ($4.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $237k (5.1% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $2.2m against liabilities of $1.1m, net assets of $1.1m. It reported 153 employees.