Mississippi Youth Soccer Association Inc

Analysis

Mississippi Youth Soccer Association Inc is a registered charity in United States, based in Brandon, MS. It received its IRS tax-exemption ruling in October 1983, 43 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, Mississippi Youth Soccer Association Inc reported income of $511k and spending of $562k, spending 110% of what it took in. Across the 5 years on record, from December 2007 to July 2023, income fell from $519k to $511k (-1.6%), an average of -0.4% a year. The sharpest change came in the year to August 2019, when income rose by 62%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mississippi Youth Soccer Association Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MS. Charities of a similar size with the same main cause include Florida Engineering Foundation Inc ($511k), Butterfield Trail Village Foundation ($511k) and Scholarships for Illinois Residents Inc ($510k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $62k (11% of expenses). Other salaries and wages came to $80k. At year end it held assets of $394k against liabilities of $56k, net assets of $338k. It reported 4 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.