Soccer Academy Of The Americasmiami Inc
Soccer Academy Of The Americasmiami Inc faces financial challenges with recent deficits and high liabilities.
EIN: 208893771 · Miami, FL · NTEE: N64 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $545K |
| Total Expenses | $248K |
| Program Spending | 80% |
| Net Assets | $-219,900 |
| Transparency Score | 65/100 |
Is Soccer Academy Of The Americasmiami Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Soccer Academy Of The Americasmiami Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Soccer Academy Of The Americasmiami Inc
Soccer Academy Of The Americasmiami Inc (EIN: 208893771) is a nonprofit organization based in Miami, FL, classified under NTEE code N64. The organization reported total revenue of $545K and total assets of $123K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Soccer Academy Of The Americasmiami Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Soccer Academy Of The Americasmiami Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2010–2022). Revenue has grown at a compound annual rate of -5.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $188K |
| Total Expenses | $248K |
| Surplus / Deficit | $-60,178 |
| Total Assets | $26K |
| Total Liabilities | $246K |
| Net Assets | $-219,900 |
| Operating Margin | -32.0% |
| Debt-to-Asset Ratio | 945.1% |
| Months of Reserves | 1.3 months |
Financial Health Grade: D
In 2022, Soccer Academy Of The Americasmiami Inc reported a deficit of $60K with expenses exceeding revenue, holds 1.3 months of operating reserves (limited), has a debt-to-asset ratio of 945.1% (high leverage).
Financial Trends
Over 13 years of filings (2010–2022), Soccer Academy Of The Americasmiami Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -27.6% | -44.6% | -77.4% |
| 2021 | -4.9% | +65.6% | +214.6% |
| 2020 | -6.9% | -4.6% | -25.3% |
| 2019 | +15.7% | +9.8% | +25.2% |
| 2018 | -26.9% | -14.9% | -11.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Soccer Academy Of The Americasmiami Inc with a Mission Score of 65 out of 100 (Good). 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, Soccer Academy Of The Americasmiami Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $60K, with expenses exceeding revenue.
- Debt-to-asset ratio: 945.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or receives no reportable compensation, which is positive for donor confidence.
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 Soccer Academy Of The Americasmiami Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $60,178 deficit in 2022, $188,261 deficit in 2021).
- High liabilities relative to assets ($245,920 liabilities vs. $26,020 assets in 2022).
- Declining revenue trend from a peak of $391,846 in 2015 to $188,072 in 2022.
Strengths
The following positive indicators were identified for Soccer Academy Of The Americasmiami Inc:
- No reported officer compensation across all available filings, indicating efficient use of funds at the leadership level.
- Long operational history with 13 IRS 990 filings.
- Historically maintained positive net assets for many years prior to 2021.
Frequently Asked Questions about Soccer Academy Of The Americasmiami Inc
Is Soccer Academy Of The Americasmiami Inc a legitimate charity?
Soccer Academy Of The Americasmiami Inc (EIN: 208893771) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $545K. 3 red flags identified. 3 strengths noted. Financial health grade: D.
How does Soccer Academy Of The Americasmiami Inc spend its money?
Soccer Academy Of The Americasmiami Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Soccer Academy Of The Americasmiami Inc tax-deductible?
Soccer Academy Of The Americasmiami Inc is registered as a tax-exempt nonprofit (EIN: 208893771). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Soccer Academy Of The Americasmiami Inc's spending goes to programs?
Soccer Academy Of The Americasmiami Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Soccer Academy Of The Americasmiami Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Soccer Academy Of The Americasmiami 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 Soccer Academy Of The Americasmiami Inc located?
Soccer Academy Of The Americasmiami Inc is headquartered in Miami, Florida and files with the IRS under EIN 208893771. It is classified under NTEE code N64.
How many years of IRS 990 filings does Soccer Academy Of The Americasmiami Inc have?
Soccer Academy Of The Americasmiami Inc 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 $545K in total revenue.
Is Soccer Academy Of The Americasmiami Inc a good charity?
The organization has a long history of operation and no reported officer compensation, which are positive indicators. However, recent financial deficits and high liabilities, such as $245,920 in liabilities against $26,020 in assets in 2022, raise concerns about its financial stability and ability to sustain its mission effectively.
What caused the significant increase in liabilities in 2021 and 2022?
The filings show liabilities jumped from $15,730 in 2020 to $274,703 in 2021 and remained high at $245,920 in 2022. The 990 forms would need to be reviewed in detail to understand the specific nature of these liabilities (e.g., loans, accounts payable, deferred revenue) and the underlying reasons for their accumulation.
How does the organization plan to address its financial deficits?
In 2021 and 2022, expenses ($448,071 and $248,250 respectively) significantly outpaced revenues ($259,810 and $188,072). The organization would need a clear strategy to increase revenue or reduce expenses to return to financial solvency and reduce its substantial liabilities.
Filing History
IRS 990 filing history for Soccer Academy Of The Americasmiami Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2022), Soccer Academy Of The Americasmiami Inc's revenue has declined by 51.5%, moving from $388K to $188K. Total functional expenses fell by 37.2%, from $395K to $248K. In its most recent filing year (2022), Soccer Academy Of The Americasmiami Inc reported a deficit of $60K, with expenses exceeding revenue. The organization holds $246K in liabilities against $26K in assets (debt-to-asset ratio: 945.1%), resulting in net assets of $-219,900.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $188K | $248K | $26K | $246K | — | View 990 |
| 2021 | $260K | $448K | $115K | $275K | — | View 990 |
| 2020 | $273K | $271K | $37K | $16K | — | — |
| 2019 | $293K | $284K | $49K | $0 | — | — |
| 2018 | $254K | $258K | $39K | $0 | — | View 990 |
| 2017 | $347K | $304K | $44K | $0 | — | View 990 |
| 2016 | $316K | $314K | $8K | $2K | — | View 990 |
| 2015 | $392K | $388K | $9K | $5K | — | View 990 |
| 2014 | $379K | $377K | $38K | $38K | — | View 990 |
| 2013 | $365K | $366K | $11K | $12K | — | View 990 |
| 2012 | $396K | $409K | $-608 | $0 | — | View 990 |
| 2011 | $372K | $348K | $12K | $0 | — | View 990 |
| 2010 | $388K | $395K | $-925 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $188K, expenses of $248K, and assets of $26K (revenue -27.6% year-over-year).
- 2021: Revenue of $260K, expenses of $448K, and assets of $115K (revenue -4.9% year-over-year).
- 2020: Revenue of $273K, expenses of $271K, and assets of $37K (revenue -6.9% year-over-year).
- 2019: Revenue of $293K, expenses of $284K, and assets of $49K (revenue +15.7% year-over-year).
- 2018: Revenue of $254K, expenses of $258K, and assets of $39K (revenue -26.9% year-over-year).
- 2017: Revenue of $347K, expenses of $304K, and assets of $44K (revenue +9.8% year-over-year).
- 2016: Revenue of $316K, expenses of $314K, and assets of $8K (revenue -19.5% year-over-year).
- 2015: Revenue of $392K, expenses of $388K, and assets of $9K (revenue +3.4% year-over-year).
- 2014: Revenue of $379K, expenses of $377K, and assets of $38K (revenue +3.7% year-over-year).
- 2013: Revenue of $365K, expenses of $366K, and assets of $11K (revenue -7.6% year-over-year).
- 2012: Revenue of $396K, expenses of $409K, and assets of $-608 (revenue +6.4% year-over-year).
- 2011: Revenue of $372K, expenses of $348K, and assets of $12K (revenue -4.1% year-over-year).
- 2010: Revenue of $388K, expenses of $395K, and assets of $-925.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Soccer Academy Of The Americasmiami Inc:
Data Sources and Methodology
This transparency report for Soccer Academy Of The Americasmiami 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.