Is Ancient City Soccer Club Inc Legit?

Ancient City Soccer Club Inc demonstrates consistent growth in revenue and expenses over the past decade, indicating an expanding operational scope. For instance, revenue grew from $133,496 in 2012 to $634,211 in 2021. The organization consistently spends a high percentage of its budget on program services, with 85% of expenses allocated to programs in 2021, which is a strong indicator of efficiency. Administrative and fundraising costs are kept relatively low, at 10% and 5% respectively in 2021, suggesting effective resource management. The organization's financial health appears stable, with assets generally increasing alongside revenue, though there was a notable decrease in assets from $323,592 in 2021 to $168,660 (latest available data). Liabilities have also fluctuated, reaching $150,111 in 2021. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-driven leadership or that compensation falls below reporting thresholds, which can be a positive sign for donor confidence. The organization files its IRS 990s regularly, contributing to its transparency. Overall, Ancient City Soccer Club Inc appears to be a financially sound and efficient organization, effectively channeling its resources towards its mission. The consistent growth and low overhead costs are positive indicators, though the recent drop in assets warrants further investigation to understand its cause.