Texas Lightning Youth Soccer

Analysis

Texas Lightning Youth Soccer is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in January 1995, 31 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 June 2023, Texas Lightning Youth Soccer reported income of $185k and spending of $176k, spending 95% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $195k to $185k (-5.2%), an average of -1.8% a year. The sharpest change came in the year to June 2021, when income rose by 24%. 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, Texas Lightning Youth Soccer sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Wapello County 4-H Exposition Inc ($185k), Seashore Soccer League Inc ($185k) and Dash Project Inc ($185k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. At year end it held assets of $80k against liabilities of $303k, net assets of -$224k.