North Texas State Soccer Association Inc

Analysis

North Texas State Soccer Association Inc is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in March 1982, 44 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 August 2023, North Texas State Soccer Association Inc reported income of $4.1m and spending of $3.6m, spending 90% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $4.5m to $4.1m (-10%), an average of -2.6% a year. The sharpest change came in the year to August 2020, when income dropped by 23%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, North Texas State Soccer Association 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 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Harlem Community Center ($4.1m), Scholastic Shooting Sports Foundation Inc ($4.1m) and Des Moines Park & Recreation Foundation ($4.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $199k (5.4% of expenses). Other salaries and wages came to $542k. At year end it held assets of $5.8m against liabilities of $2.0m, net assets of $3.8m. It reported 12 employees.