Soccer Club of Los Gatos

Analysis

Soccer Club of Los Gatos is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in September 2003, 23 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Soccer Club of Los Gatos reported income of $760k and spending of $807k, spending 106% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $1.4m to $760k (-44%), an average of -14% a year. The sharpest change came in the year to April 2020, when income rose by 31%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Soccer Club of Los Gatos sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include SC Swimming Cafl Inc ($760k), Bainbridge Island Rowing Club ($760k) and The Everett Inc ($759k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 4.3% and program service revenue 96% of the total. At year end it held assets of $98k against liabilities of $260k, net assets of -$162k.