Ascent Soccer USA

Analysis

Ascent Soccer USA is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Ascent Soccer USA reported income of $762k and spending of $789k, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $373k to $762k (+104%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 200%. Over the whole period it spent 115% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Ascent Soccer USA sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within WA. Charities of a similar size with the same main cause include Funds for Kidz ($759k), Sierra Hope ($762k) and Real Champions Inc ($759k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $142k (18% of expenses). At year end it held assets of $160k against liabilities of $0, net assets of $160k. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.