Spartanburg United Soccer Academy

Analysis

Spartanburg United Soccer Academy is a registered charity in United States, based in Boiling SPGS, SC. It received its IRS tax-exemption ruling in March 2017, 9 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, Spartanburg United Soccer Academy reported income of $354k and spending of $271k, leaving 24% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $226k to $354k (+57%), an average of +57% a year. The sharpest change came in the year to June 2023, when income rose by 57%. Over the whole period it spent 76% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Spartanburg United Soccer Academy sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within SC. Charities of a similar size with the same main cause include Stanwood Camano Junior Athletic Association ($354k), Cranford Boys Baseball Leagues Inc ($354k) and El Shaddai Retreat Center ($354k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $43k (16% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.