Louisville Soccer Club Inc

Analysis

Louisville Soccer Club Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in July 1987, 39 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Louisville Soccer Club Inc reported income of $187k and spending of $274k, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $439k to $187k (-57%), an average of -19% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 117% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Louisville Soccer Club Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within KY. Charities of a similar size with the same main cause include Cultivate Yoga ($187k), Norco Girls Softball ($187k) and Wild Harbor Sailing Inc ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 68% of the total. Other salaries and wages came to $101k. At year end it held assets of $239k against liabilities of $3,348, net assets of $236k. It reported 12 employees.