Soccer Association of Boca Raton Inc

Analysis

Soccer Association of Boca Raton Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in August 1993, 33 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 May 2023, Soccer Association of Boca Raton Inc reported income of $1.6m and spending of $1.5m, spending 94% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $963k to $1.6m (+64%), an average of +13% a year. The sharpest change came in the year to May 2022, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Soccer Association of Boca Raton Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Ramapo Youth Hockey Association Inc ($1.6m), Duluth Heritage Sports Center ($1.6m) and Golden Slipper Club Camp ($1.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 5.1% and program service revenue 84% of the total. Other salaries and wages came to $66k. At year end it held assets of $673k against liabilities of $43k, net assets of $630k. It reported 1 employees.