Madison United Soccer Association Inc

Analysis

Madison United Soccer Association Inc is a registered charity in United States, based in Richmond, KY. It received its IRS tax-exemption ruling in March 2005, 21 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, Madison United Soccer Association Inc reported income of $414k and spending of $382k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $230k to $414k (+80%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 113%. 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, Madison United Soccer Association Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within KY. Charities of a similar size with the same main cause include Jacksonville-Onslow Sports Commissions ($414k), Balloons Over Vermilion NFP ($414k) and Gainsville Haymarket Youth Football League ($414k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% and program service revenue 94% of the total. At year end it held assets of $461k against liabilities of $0, net assets of $461k.