Blue Knights Soccer Club

Analysis

Blue Knights Soccer Club is a registered charity in United States, based in Sandy, UT. It received its IRS tax-exemption ruling in February 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, Blue Knights Soccer Club reported income of $326k and spending of $354k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $489k to $326k (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Blue Knights Soccer Club sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within UT. Charities of a similar size with the same main cause include Coral Springs Swim Club Inc ($326k), Touchstone Golf Foundation ($326k) and Minford Athletic Boosters ($326k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $71k (20% of expenses). Other salaries and wages came to $144k. At year end it held assets of $150k against liabilities of $44k, net assets of $105k. It reported 32 employees.