Williamson County Soccer Association

Analysis

Williamson County Soccer Association is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in September 1982, 44 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 July 2023, Williamson County Soccer Association reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $909k to $1.1m (+20%), an average of +4.6% a year. The sharpest change came in the year to July 2020, when income dropped by 23%. 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, Williamson County Soccer Association sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Montrose Broadcasting Corporation ($1.1m), Field Ready Inc ($1.1m) and Coast Guard Auxiliary Association Inc ($1.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $83k (7.4% of expenses). Other salaries and wages came to $225k. At year end it held assets of $702k against liabilities of $485k, net assets of $217k. It reported 43 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.