Usvi Soccer Federation Inc

Analysis

Usvi Soccer Federation Inc is a registered charity in United States, based in Kingshill, VI. It received its IRS tax-exemption ruling in January 2007, 19 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 December 2023, Usvi Soccer Federation Inc reported income of $3.1m and spending of $2.9m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.1m (+8.5%), an average of +2.1% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Usvi Soccer Federation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 93rd percentile within VI. Charities of a similar size with the same main cause include First in Michigan ($3.1m), Colorado Springs Sports Corporation ($3.1m) and Elite Soccer League Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $332k. At year end it held assets of $4.0m against liabilities of $160k, net assets of $3.8m. It reported 11 employees.