Classics Elite Soccer Academy Inc
Classics Elite Soccer Academy Inc shows consistent revenue growth and zero reported officer compensation, but has operated at a slight deficit in recent years.
EIN: 201040995 · San Antonio, TX · NTEE: N64 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $2.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.1M |
| Transparency Score | 80/100 |
Is Classics Elite Soccer Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Classics Elite Soccer Academy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Classics Elite Soccer Academy Inc
Classics Elite Soccer Academy Inc (EIN: 201040995) is a nonprofit organization based in San Antonio, TX, classified under NTEE code N64. The organization reported total revenue of $1.7M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Classics Elite Soccer Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Classics Elite Soccer Academy Inc is a mid-size nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-74,328 |
| Total Assets | $1.6M |
| Total Liabilities | $532K |
| Net Assets | $1.1M |
| Operating Margin | -3.4% |
| Debt-to-Asset Ratio | 33.5% |
| Months of Reserves | 8.5 months |
Financial Health Grade: B
In 2023, Classics Elite Soccer Academy Inc reported a deficit of $74K with expenses exceeding revenue, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 33.5% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Classics Elite Soccer Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.4% | +8.4% | -7.8% |
| 2022 | +2.4% | +24.5% | +23.0% |
| 2021 | +18.5% | +13.7% | +16.7% |
| 2020 | +17.1% | -8.2% | +56.7% |
| 2019 | -11.6% | +7.9% | -20.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Classics Elite Soccer Academy Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Classics Elite Soccer Academy Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $74K, with expenses exceeding revenue.
- Debt-to-asset ratio: 33.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available IRS 990 filings, indicating that its leadership is either unpaid or compensated through mechanisms not classified as officer compensation, which is highly unusual for an organization with over $2 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Classics Elite Soccer Academy Inc's IRS 990 filings:
- Operating at a slight deficit in recent years (e.g., 2023 and 2022), where expenses exceeded revenue.
- Unusually consistent 0% officer compensation reported across all filings for an organization of this size, which might indicate compensation is reported under other categories or that leadership is entirely volunteer-based.
Strengths
The following positive indicators were identified for Classics Elite Soccer Academy Inc:
- Consistent revenue growth over the past decade, from $1,088,188 in 2014 to $2,164,543 in 2023.
- Significant asset growth, increasing from $282,083 in 2014 to $1,587,175 in 2023.
- Zero reported officer compensation across all available IRS 990 filings, indicating efficient use of funds or volunteer leadership.
- Long history of IRS 990 filings (12 filings), demonstrating transparency and compliance.
- Stable financial base with assets consistently exceeding liabilities (e.g., $1,587,175 assets vs. $532,028 liabilities in 2023).
Frequently Asked Questions about Classics Elite Soccer Academy Inc
Is Classics Elite Soccer Academy Inc a legitimate charity?
Classics Elite Soccer Academy Inc (EIN: 201040995) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 80/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.7M. 2 red flags identified. 5 strengths noted. Financial health grade: B.
How does Classics Elite Soccer Academy Inc spend its money?
Classics Elite Soccer Academy Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Classics Elite Soccer Academy Inc tax-deductible?
Classics Elite Soccer Academy Inc is registered as a tax-exempt nonprofit (EIN: 201040995). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Classics Elite Soccer Academy Inc CEO make?
Classics Elite Soccer Academy Inc's highest-compensated officer earns $2 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Classics Elite Soccer Academy Inc's spending goes to programs?
Classics Elite Soccer Academy Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Classics Elite Soccer Academy Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Classics Elite Soccer Academy Inc is above average for NTEE category N64 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Classics Elite Soccer Academy Inc located?
Classics Elite Soccer Academy Inc is headquartered in San Antonio, Texas and files with the IRS under EIN 201040995. It is classified under NTEE code N64.
How many years of IRS 990 filings does Classics Elite Soccer Academy Inc have?
Classics Elite Soccer Academy Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.7M in total revenue.
Is Classics Elite Soccer Academy Inc a good charity?
Based on the available data, Classics Elite Soccer Academy Inc demonstrates financial stability with growing revenues and assets. The consistent reporting of 0% officer compensation is a strong positive indicator for resource allocation efficiency. However, operating at a slight deficit in recent years (e.g., 2023 and 2022) suggests a need for careful financial management to ensure long-term sustainability.
How has the organization's revenue trended over time?
The organization's revenue has shown a consistent upward trend over the past decade, growing from $1,088,188 in 2014 to $2,164,543 in 2023, indicating strong growth and demand for its services.
What is the organization's asset growth like?
Classics Elite Soccer Academy Inc has significantly grown its assets, from $282,083 in 2014 to $1,587,175 in 2023, demonstrating a healthy accumulation of resources over time.
Are there any concerns about executive compensation?
No, the organization consistently reports 0% officer compensation in all available filings, which is a positive sign for donor confidence and suggests a high degree of volunteerism or alternative compensation structures for leadership.
Has the organization been operating at a surplus or deficit recently?
In recent years, the organization has operated at a slight deficit, with expenses exceeding revenue in 2023 ($2,238,871 expenses vs. $2,164,543 revenue) and 2022 ($2,065,005 expenses vs. $2,034,718 revenue). This trend warrants monitoring.
Filing History
IRS 990 filing history for Classics Elite Soccer Academy Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Classics Elite Soccer Academy Inc's revenue has grown by 124%, moving from $966K to $2.2M. Total assets increased by 360.2% over the same period, from $345K to $1.6M. Total functional expenses rose by 143.1%, from $921K to $2.2M. In its most recent filing year (2023), Classics Elite Soccer Academy Inc reported a deficit of $74K, with expenses exceeding revenue. The organization holds $532K in liabilities against $1.6M in assets (debt-to-asset ratio: 33.5%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.2M | $1.6M | $532K | — | View 990 |
| 2022 | $2.0M | $2.1M | $1.7M | $592K | — | View 990 |
| 2021 | $2.0M | $1.7M | $1.4M | $240K | — | View 990 |
| 2020 | $1.7M | $1.5M | $1.2M | $367K | — | View 990 |
| 2019 | $1.4M | $1.6M | $766K | $144K | — | View 990 |
| 2018 | $1.6M | $1.5M | $967K | $187K | — | View 990 |
| 2017 | $1.4M | $1.2M | $894K | $261K | — | View 990 |
| 2016 | $1.4M | $1.3M | $769K | $331K | — | View 990 |
| 2015 | $1.2M | $1.1M | $353K | $57K | — | View 990 |
| 2014 | $1.1M | $1.2M | $282K | $76K | — | View 990 |
| 2013 | $1.1M | $1.1M | $351K | $71K | — | View 990 |
| 2012 | $966K | $921K | $345K | $119K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.2M, and assets of $1.6M (revenue +6.4% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.1M, and assets of $1.7M (revenue +2.4% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.7M, and assets of $1.4M (revenue +18.5% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.5M, and assets of $1.2M (revenue +17.1% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.6M, and assets of $766K (revenue -11.6% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.5M, and assets of $967K (revenue +12.6% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.2M, and assets of $894K (revenue +2.4% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.3M, and assets of $769K (revenue +15.8% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.1M, and assets of $353K (revenue +11.5% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.2M, and assets of $282K (revenue -1.4% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $351K (revenue +14.2% year-over-year).
- 2012: Revenue of $966K, expenses of $921K, and assets of $345K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Classics Elite Soccer Academy Inc:
Data Sources and Methodology
This transparency report for Classics Elite Soccer Academy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.