Tidewater Advanced Soccer League Inc

Analysis

Tidewater Advanced Soccer League Inc is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in February 2010, 16 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, Tidewater Advanced Soccer League Inc reported income of $233k and spending of $267k, spending 114% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $212k to $233k (+9.7%), an average of +4.7% a year. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tidewater Advanced Soccer League Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Girls Softball League of Westfield Inc ($233k), Valley Basketball Association ($233k) and Edmond Memorial Athletic Booster Club ($233k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $14k (5.3% of expenses). At year end it held assets of $182k against liabilities of $28k, net assets of $154k.