Mayfield Graves County United Soccer Assoc Inc

Analysis

Mayfield Graves County United Soccer Assoc Inc is a registered charity in United States, based in Mayfield, KY. It received its IRS tax-exemption ruling in March 2018, 8 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 December 2023, Mayfield Graves County United Soccer Assoc Inc reported income of $70k and spending of $75k, spending 106% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income grew from $16k to $70k (+345%), an average of +111% a year. The sharpest change came in the year to December 2022, when income rose by 151%. Over the whole period it spent 121% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mayfield Graves County United Soccer Assoc Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within KY. Charities of a similar size with the same main cause include Philadelphia Area Team Tennis Association ($70k), Lake of the Woods International Arena Board Inc ($70k) and Textile River Regatta Inc ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $479k against liabilities of $0, net assets of $479k.

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.