Woodford Youth Soccer Association

Analysis

Woodford Youth Soccer Association is a registered charity in United States, based in Versailles, KY. It received its IRS tax-exemption ruling in June 1982, 44 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 2024, Woodford Youth Soccer Association reported income of $223k and spending of $191k, spending 86% of its income. Across the 4 years on record, from June 2019 to June 2024, income grew from $207k to $223k (+7.8%), an average of +2.5% a year. The sharpest change came in the year to June 2023, when income rose by 113%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Woodford Youth Soccer Association sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within KY. Charities of a similar size with the same main cause include South Shore Soccer Club Inc ($223k), Alabama Hunter-Jumper Association ($223k) and Collegiate Womens Lacrosse Officiating Association ($223k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.4% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $55k (29% of expenses). Other salaries and wages came to $22k. At year end it held assets of $534k against liabilities of $1,909, net assets of $532k. It reported 5 employees.