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. 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 $6.7m and spending of $6.1m, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $9.7m to $6.7m (-30%), an average of -8.6% a year. The sharpest change came in the year to August 2021, when income rose by 66%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Texas State Soccer Association Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Esperanza Community Services ($6.7m), Fuse Corps ($6.7m) and Augusta Area Home Inc ($6.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.4% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $123k (2.0% of expenses). Other salaries and wages came to $368k. At year end it held assets of $6.6m against liabilities of $488k, net assets of $6.2m. It reported 22 employees.