Iberia Soccer Association Academy

Analysis

Iberia Soccer Association Academy is a registered charity in United States, based in New Iberia, LA. It received its IRS tax-exemption ruling in February 2001, 25 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, Iberia Soccer Association Academy reported income of $52k and spending of $57k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $66k to $52k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Iberia Soccer Association Academy sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within LA. Charities of a similar size with the same main cause include Marshall County Fair Board ($52k), Pinckney Hamburg Baseball & Softball Association ($52k) and Missing Link Snowmobile Club Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 104% of the total. At year end it held assets of $209k against liabilities of $564, net assets of $208k.