Elite Soccer Academy Inc

Analysis

Elite Soccer Academy Inc is a registered charity in United States, based in Jupiter, FL. It received its IRS tax-exemption ruling in November 2008, 18 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, Elite Soccer Academy Inc reported income of $192k and spending of $188k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $192k (+81%), an average of +81% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Elite Soccer Academy Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include C3 Hawks Youth Lacrosse Association ($192k), Gators Baseball Inc ($192k) and Waha Inc ($191k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $75k against liabilities of $19k, net assets of $57k.