Valor Soccer

Analysis

Valor Soccer is a registered charity in United States, based in Maple Valley, WA. It received its IRS tax-exemption ruling in November 2019, 7 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, Valor Soccer reported income of $2.3m and spending of $2.8m, spending 119% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $973k to $2.3m (+141%), an average of +55% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Valor Soccer sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include St Michaels Community Center Inc ($2.3m), National Muzzle Loading Rifle Association ($2.3m) and Wesley Chapel Weddington Athletic Association ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.5% and program service revenue 94% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $1.9m against liabilities of $1.6m, net assets of $272k. It reported 42 employees.