Is Valrico Youth Soccer Club Inc Legit?

Valrico Youth Soccer Club Inc demonstrates a generally healthy financial position, with recent filings showing significant growth in revenue and a positive net income. In the latest period (202405), the organization reported revenue of $937,789 against expenses of $844,702, resulting in a surplus. This growth is a substantial increase from previous years, where revenue typically hovered around $300,000-$400,000. The organization consistently maintains a low liability profile, with zero liabilities reported in the latest filing, indicating strong financial management and a lack of significant debt. The club's spending efficiency appears strong, as evidenced by its consistent operational surpluses in most recent years. The absence of reported officer compensation across all filings suggests that leadership is likely volunteer-based, which contributes to lower administrative costs and a higher proportion of funds potentially directed towards program services. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial health and lack of executive compensation are positive indicators for efficient use of funds. Transparency is good given the consistent filing of IRS Form 990s over 14 periods, providing a clear historical financial record. The consistent reporting of zero officer compensation enhances trust, as it suggests resources are not being diverted to high executive salaries. The organization's ability to manage its assets, which have grown to $173,236 in the latest period, while keeping liabilities at zero, further reinforces its sound financial stewardship.