West Florida Premier Soccer Club Inc

Analysis

West Florida Premier Soccer Club Inc is a registered charity in United States, based in Brandon, FL. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 May 2023, West Florida Premier Soccer Club Inc reported income of $2.6m and spending of $2.7m, spending 104% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $1.9m to $2.6m (+36%), an average of +11% a year. The sharpest change came in the year to May 2022, when income rose by 33%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, West Florida Premier Soccer Club Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include American Communities Trust Inc ($2.6m), Olean General Hospital Foundation ($2.6m) and Los Altos Educational Foundation ($2.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 3.7% and program service revenue 97% of the total. Other salaries and wages came to $523k. At year end it held assets of $762k against liabilities of $123k, net assets of $639k. It reported 9 employees.