Texarkana Soccer Association

Analysis

Texarkana Soccer Association is a registered charity in United States, based in Texarkana, TX. It received its IRS tax-exemption ruling in November 2002, 24 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, Texarkana Soccer Association reported income of $298k and spending of $308k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $186k to $298k (+61%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 33%. 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, Texarkana Soccer Association sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Clements High School Athletic Booster Club Inc ($298k), Ny Icecats Inc ($298k) and Pennsylvania State Association of County Fairs ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $133k against liabilities of $33k, net assets of $100k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.