Trinity Soccer Academy

Analysis

Trinity Soccer Academy is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 2022, 4 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, Trinity Soccer Academy reported income of $835k and spending of $503k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income grew from $213k to $835k (+292%), an average of +41% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 69% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Trinity Soccer Academy sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include The Chastain Park Athletic Club Inc ($835k), Christian Youth Foundation ($836k) and Salle Auriol Fencing Club Inc ($835k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $96k (19% of expenses). At year end it held assets of $1.4m against liabilities of $624k, net assets of $825k.