Midland Soccer Association Inc

Analysis

Midland Soccer Association Inc is a registered charity in United States, based in Midland, 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, Midland Soccer Association Inc reported income of $601k and spending of $616k, spending 103% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $524k to $601k (+15%), an average of +15% a year. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Midland Soccer Association Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Grayslake Galaxy Soccer Club Inc ($600k), Live Like Geno Foundation Inc ($601k) and Maxwell M Corpening Jr Memorial Center Inc ($600k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $9,500 (1.5% of expenses). Other salaries and wages came to $122k. At year end it held assets of $460k against liabilities of $260k, net assets of $201k. It reported 4 employees.