Soccer for Life Inc

Analysis

Soccer for Life Inc is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in February 2020, 6 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Soccer for Life Inc reported income of $623k and spending of $550k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $520k to $623k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Soccer for Life Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include The Ace Project ($623k), Magic Basketball Club Inc ($623k) and Friends of Central Pool Inc ($623k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. At year end it held assets of $248k against liabilities of $22k, net assets of $226k.