Is Spirit Of Soccer Inc Legit?

Spirit Of Soccer Inc demonstrates consistent financial activity, with revenues and expenses generally tracking closely over the past decade. In the latest reported period (202312), the organization reported revenues of $1,836,931 against expenses of $1,824,352, indicating a lean operational margin. The organization's assets have shown growth, reaching $343,997 in 2023, up from $103,428 in 2014, suggesting some capacity building. However, the liabilities in 2023 increased significantly to $1,078, which warrants closer examination. The organization's spending efficiency appears strong given the minimal difference between revenue and expenses, implying that most funds are directly utilized for operations. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which is a strong indicator of financial transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice significantly enhances public trust and suggests a volunteer-driven or very low-cost leadership model. While the NTEE code is unknown, the financial data points to an organization focused on program delivery. The absence of officer compensation and the tight revenue-to-expense ratio suggest a high degree of financial discipline. However, the recent increase in liabilities in 2023 should be monitored to ensure it does not impact future financial stability. Overall, Spirit Of Soccer Inc appears to be a financially sound and transparent organization based on the provided data.