5 Star Soccer Academy Corp

Analysis

5 Star Soccer Academy Corp is a registered charity in United States, based in Astoria, NY. It received its IRS tax-exemption ruling in May 2018, 8 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, 5 Star Soccer Academy Corp reported income of $230k and spending of $216k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $199k to $230k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, 5 Star Soccer Academy Corp sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Passion Soccer Club Inc ($230k), Tewksbury Girls Softball Incorporated ($230k) and Ogden Cycle Association ($230k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.