Covington Youth Soccer Association Inc

Analysis

Covington Youth Soccer Association Inc is a registered charity in United States, based in Covington, LA. It received its IRS tax-exemption ruling in September 1984, 42 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, Covington Youth Soccer Association Inc reported income of $197k and spending of $157k, leaving 20% of income unspent that year. Across the 2 years on record, from July 2022 to July 2023, income grew from $142k to $197k (+38%), an average of +38% a year. The sharpest change came in the year to July 2023, when income rose by 38%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Covington Youth Soccer Association Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within LA. Charities of a similar size with the same main cause include Downriver for Veterans ($197k), Bharathi Kalai Manram ($197k) and Lewis County Historical Society ($197k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 1.2% and program service revenue 0.7% of the total. At year end it held assets of $342k against liabilities of $0, net assets of $342k.