Louisville Soccer Foundation

Analysis

Louisville Soccer Foundation is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 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, Louisville Soccer Foundation reported income of $634k and spending of $549k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $581k to $634k (+9.1%), an average of +9.1% a year. Over the whole period it spent 75% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Louisville Soccer Foundation 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 74th percentile, and in the 74th percentile within KY. Charities of a similar size with the same main cause include Lamar Athletic Booster Club ($634k), I Challenge Myself Inc ($634k) and Sheridan on Skates ($633k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $153k (28% of expenses). Other salaries and wages came to $94k. At year end it held assets of $450k against liabilities of $197k, net assets of $253k.