Soccer Alaska Inc

Analysis

Soccer Alaska Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in December 2001, 25 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 August 2023, Soccer Alaska Inc reported income of $451k and spending of $366k, spending 81% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $520k to $451k (-13%), an average of -3.5% a year. The sharpest change came in the year to August 2022, when income rose by 96%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Soccer Alaska Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within AK. Charities of a similar size with the same main cause include Boston Taekwondo Project Inc ($451k), Montgomery Boat Club Inc ($451k) and American Swimming Coaches Council for Sport Development Inc ($451k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $235k against liabilities of $145k, net assets of $89k.