Hanover Soccer Club Inc

Analysis

Hanover Soccer Club Inc is a registered charity in United States, based in Cedar Knolls, NJ. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hanover Soccer Club Inc reported income of $135k and spending of $145k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $141k to $135k (-4.1%), an average of -4.1% a year. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hanover Soccer Club Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 52nd percentile within NJ. Charities of a similar size with the same main cause include New Jersey Cheerleading Coaches Association Inc ($135k), Olympic Cascade Aquatics Foundation ($135k) and Marina Boys Basketball Booster Club ($135k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.