Las Vegas Soccer League
Las Vegas Soccer League shows inconsistent financial performance with recurring negative assets and high liabilities relative to minimal assets.
EIN: 208057343 · Las Vegas, NV · NTEE: N63 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $108K |
| Total Expenses | $116K |
| Program Spending | 80% |
| Net Assets | $-47,614 |
| Transparency Score | 55/100 |
Is Las Vegas Soccer League Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Las Vegas Soccer League directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Las Vegas Soccer League
Las Vegas Soccer League (EIN: 208057343) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code N63. The organization reported total revenue of $108K and total assets of $128 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Las Vegas Soccer League's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Las Vegas Soccer League is a small nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $118K |
| Total Expenses | $116K |
| Surplus / Deficit | +$1K |
| Total Assets | $9 |
| Total Liabilities | $48K |
| Net Assets | $-47,614 |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 529144.4% |
| Months of Reserves | 0.0 months |
Financial Health Grade: B
In 2023, Las Vegas Soccer League reported a surplus of $1K with revenue exceeding expenses, holds 0.0 months of operating reserves (limited), has a debt-to-asset ratio of 529144.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Las Vegas Soccer League's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.5% | -23.1% | -99.3% |
| 2022 | -17.4% | +6.9% | -97.0% |
| 2021 | +57.4% | +83.3% | -19.9% |
| 2020 | -19.7% | -27.4% | — |
| 2019 | +5.3% | -1.3% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
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 Las Vegas Soccer League with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Las Vegas Soccer League allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 529144.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers are not compensated, which is positive for resource allocation.
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 Las Vegas Soccer League's IRS 990 filings:
- Recurring negative asset balances in multiple filing periods (e.g., -$4,148 in 2019, -$3,235 in 2018).
- Extremely low current assets ($128) relative to significant liabilities (e.g., $47,623 in 2023).
- Frequent operating deficits where expenses exceed revenue (e.g., $151,443 expenses vs. $110,487 revenue in 2022).
- High liabilities relative to assets, indicating potential solvency issues.
Strengths
The following positive indicators were identified for Las Vegas Soccer League:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership.
- Maintains operations despite financial challenges, suggesting dedication to its mission.
Frequently Asked Questions about Las Vegas Soccer League
Is Las Vegas Soccer League a legitimate charity?
Las Vegas Soccer League (EIN: 208057343) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 55/100. It has 13 years of IRS 990 filings on record. Total revenue: $108K. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Las Vegas Soccer League spend its money?
Las Vegas Soccer League directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Las Vegas Soccer League tax-deductible?
Las Vegas Soccer League is registered as a tax-exempt nonprofit (EIN: 208057343). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Las Vegas Soccer League's spending goes to programs?
Las Vegas Soccer League directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Las Vegas Soccer League compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Las Vegas Soccer League is near average for NTEE category N63 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Las Vegas Soccer League located?
Las Vegas Soccer League is headquartered in Las Vegas, Nevada and files with the IRS under EIN 208057343. It is classified under NTEE code N63.
How many years of IRS 990 filings does Las Vegas Soccer League have?
Las Vegas Soccer League has 13 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 $108K in total revenue.
Is Las Vegas Soccer League financially stable?
No, the organization shows significant financial instability with recurring negative asset balances in multiple years and current assets of only $128 against liabilities as high as $50,756 in recent periods.
How does Las Vegas Soccer League manage its liabilities?
The organization has carried substantial liabilities, reaching over $50,000 in 2021 and 2022, while maintaining extremely low or negative asset bases, suggesting a reliance on short-term funding or significant debt.
What is the trend in Las Vegas Soccer League's revenue and expenses?
Revenue and expenses have generally hovered around $100,000-$150,000 annually. While some years show a surplus (e.g., 2023), many years have seen expenses exceed revenue (e.g., 2022, 2021, 2019, 2018, 2015, 2014), indicating inconsistent operational profitability.
Filing History
IRS 990 filing history for Las Vegas Soccer League showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Las Vegas Soccer League's revenue has grown by 31.6%, moving from $89K to $118K. Total assets decreased by 98.2% over the same period, from $501 to $9. Total functional expenses rose by 31.3%, from $89K to $116K. In its most recent filing year (2023), Las Vegas Soccer League reported a surplus of $1K, with revenue exceeding expenses. The organization holds $48K in liabilities against $9 in assets (debt-to-asset ratio: 529144.4%), resulting in net assets of $-47,614.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $118K | $116K | $9 | $48K | — | — |
| 2022 | $110K | $151K | $1K | $50K | — | View 990 |
| 2021 | $134K | $142K | $43K | $51K | — | View 990 |
| 2020 | $85K | $77K | $54K | $53K | — | View 990 |
| 2019 | $106K | $107K | $-4,148 | $3K | — | View 990 |
| 2018 | $100K | $108K | $-3,235 | $3K | — | View 990 |
| 2017 | $121K | $114K | $4K | $3K | — | View 990 |
| 2016 | $141K | $114K | $-1,847 | $4K | — | View 990 |
| 2015 | $108K | $121K | $-960 | $31K | — | View 990 |
| 2014 | $101K | $119K | $-748 | $18K | — | View 990 |
| 2013 | $130K | $132K | $2K | $3K | — | View 990 |
| 2012 | $133K | $132K | $3K | $1K | — | View 990 |
| 2011 | $89K | $89K | $501 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $118K, expenses of $116K, and assets of $9 (revenue +6.5% year-over-year).
- 2022: Revenue of $110K, expenses of $151K, and assets of $1K (revenue -17.4% year-over-year).
- 2021: Revenue of $134K, expenses of $142K, and assets of $43K (revenue +57.4% year-over-year).
- 2020: Revenue of $85K, expenses of $77K, and assets of $54K (revenue -19.7% year-over-year).
- 2019: Revenue of $106K, expenses of $107K, and assets of $-4,148 (revenue +5.3% year-over-year).
- 2018: Revenue of $100K, expenses of $108K, and assets of $-3,235 (revenue -16.8% year-over-year).
- 2017: Revenue of $121K, expenses of $114K, and assets of $4K (revenue -14.5% year-over-year).
- 2016: Revenue of $141K, expenses of $114K, and assets of $-1,847 (revenue +30.6% year-over-year).
- 2015: Revenue of $108K, expenses of $121K, and assets of $-960 (revenue +6.8% year-over-year).
- 2014: Revenue of $101K, expenses of $119K, and assets of $-748 (revenue -22.1% year-over-year).
- 2013: Revenue of $130K, expenses of $132K, and assets of $2K (revenue -2.3% year-over-year).
- 2012: Revenue of $133K, expenses of $132K, and assets of $3K (revenue +48.8% year-over-year).
- 2011: Revenue of $89K, expenses of $89K, and assets of $501.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Las Vegas Soccer League:
Data Sources and Methodology
This transparency report for Las Vegas Soccer League 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.