Cutler Ridge Soccer Inc

Analysis

Cutler Ridge Soccer Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Cutler Ridge Soccer Inc reported income of $695k and spending of $684k, spending 98% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $251k to $695k (+177%), an average of +23% a year. The sharpest change came in the year to July 2022, when income rose by 170%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cutler Ridge Soccer Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include All Star Empire Volleyball Club Inc ($695k), Livonia Hockey Assoc ($695k) and Dallas Arsenal Volleyball Club ($694k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $122k (18% of expenses). Other salaries and wages came to $226k. At year end it held assets of $333k against liabilities of $344k, net assets of -$11k. It reported 10 employees.