Vitesse Soccer Inc
Vitesse Soccer Inc. operates with volunteer leadership and modest financial growth, consistently dedicating resources to its mission.
EIN: 203754241 · Gray, TN · NTEE: N64 · Updated: 2026-03-28
Is Vitesse Soccer Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vitesse Soccer Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vitesse Soccer Inc
Vitesse Soccer Inc (EIN: 203754241) is a nonprofit organization based in Gray, TN, classified under NTEE code N64. The organization reported total revenue of $111K and total assets of $61K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vitesse Soccer Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vitesse Soccer Inc is a small nonprofit that has been operating for 20 years, with 7 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $125K |
| Total Expenses | $127K |
| Surplus / Deficit | $-2,086 |
| Total Assets | $22K |
| Total Liabilities | $16K |
| Net Assets | $5K |
| Operating Margin | -1.7% |
| Debt-to-Asset Ratio | 76.0% |
| Months of Reserves | 2.0 months |
Financial Health Grade: D
In 2023, Vitesse Soccer Inc reported a deficit of $2K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 76.0% (high leverage).
Financial Trends
Over 7 years of filings (2011–2023), Vitesse Soccer Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.9% | +35.1% | -9.2% |
| 2022 | +13.0% | -1.6% | -18.5% |
| 2021 | +42.8% | +84.8% | -37.0% |
| 2020 | -28.3% | -17.3% | +7.4% |
| 2019 | +18.1% | -10.9% | +106.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Vitesse Soccer Inc with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Vitesse Soccer Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 76.0%.
Executive Compensation Analysis
Vitesse Soccer Inc. reports 0% officer compensation across all available filings, indicating a volunteer-led organization and a highly efficient use of funds, as no donor money is allocated to executive salaries.
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.
Strengths
The following positive indicators were identified for Vitesse Soccer Inc:
- Zero officer compensation, indicating volunteer leadership and efficient use of funds.
- Consistent operation and filing history over more than a decade, demonstrating stability.
- Modest asset growth from $22,777 in 2011 to $60,659 currently, suggesting increasing financial capacity.
- Revenue growth from $46,391 in 2011 to $125,139 in 2023, indicating expanding reach.
Frequently Asked Questions about Vitesse Soccer Inc
Is Vitesse Soccer Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vitesse Soccer Inc (EIN: 203754241) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Vitesse Soccer Inc spend its money?
Vitesse Soccer Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vitesse Soccer Inc tax-deductible?
Vitesse Soccer Inc is registered as a tax-exempt nonprofit (EIN: 203754241). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Vitesse Soccer Inc. a good charity?
Based on the available IRS 990 data, Vitesse Soccer Inc. appears to be a well-managed and mission-focused charity. The absence of officer compensation is a significant positive indicator, suggesting that resources are directly channeled to programs. While it operates on a relatively small budget, its consistent operations and modest asset growth over more than a decade demonstrate sustainability.
How has Vitesse Soccer Inc.'s financial health changed over time?
Vitesse Soccer Inc. has shown growth in revenue, from $46,391 in 2011 to $125,139 in 2023, indicating an expanding reach or program capacity. Assets have also increased from $22,777 in 2011 to $60,659 currently, suggesting improved financial stability. While there have been periods where expenses slightly outpaced revenue (e.g., 2023, 2022, 2021), the overall trend points to a growing and generally stable organization.
What is the organization's approach to executive compensation?
Vitesse Soccer Inc. has consistently reported 0% officer compensation in all its IRS 990 filings. This indicates that the organization is led by volunteers, ensuring that all revenue is directed towards its programs and operational costs rather than executive salaries.
Filing History
IRS 990 filing history for Vitesse Soccer Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2023), Vitesse Soccer Inc's revenue has grown by 169.7%, moving from $46K to $125K. Total assets decreased by 4.9% over the same period, from $23K to $22K. Total functional expenses rose by 163.3%, from $48K to $127K. In its most recent filing year (2023), Vitesse Soccer Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $16K in liabilities against $22K in assets (debt-to-asset ratio: 76.0%), resulting in net assets of $5K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $125K | $127K | $22K | $16K | — | View 990 |
| 2022 | $89K | $94K | $24K | $17K | — | — |
| 2021 | $79K | $96K | $29K | $17K | — | — |
| 2020 | $55K | $52K | $46K | $17K | — | View 990 |
| 2019 | $77K | $63K | $43K | $17K | — | View 990 |
| 2018 | $65K | $70K | $21K | $8K | — | View 990 |
| 2011 | $46K | $48K | $23K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $125K, expenses of $127K, and assets of $22K (revenue +40.9% year-over-year).
- 2022: Revenue of $89K, expenses of $94K, and assets of $24K (revenue +13.0% year-over-year).
- 2021: Revenue of $79K, expenses of $96K, and assets of $29K (revenue +42.8% year-over-year).
- 2020: Revenue of $55K, expenses of $52K, and assets of $46K (revenue -28.3% year-over-year).
- 2019: Revenue of $77K, expenses of $63K, and assets of $43K (revenue +18.1% year-over-year).
- 2018: Revenue of $65K, expenses of $70K, and assets of $21K (revenue +40.0% year-over-year).
- 2011: Revenue of $46K, expenses of $48K, and assets of $23K.
Data Sources and Methodology
This transparency report for Vitesse Soccer 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.