Rockville-Olney Soccer Academy Inc

Analysis

Rockville-Olney Soccer Academy Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in June 2021, 5 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 June 2023, Rockville-Olney Soccer Academy Inc reported income of $369k and spending of $375k, spending 102% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $140k to $369k (+162%), an average of +62% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rockville-Olney Soccer Academy Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Georgetown Youth Baseball Association ($369k), Fairfax Adult Softball Inc ($369k) and Paper Valley Soccer Club Inc ($368k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $96k (26% of expenses). At year end it held assets of $44k against liabilities of $78k, net assets of -$34k.