Nordic Spirit Soccer Club Inc

Analysis

Nordic Spirit Soccer Club Inc is a registered charity in United States, based in Essex JCT, VT. It received its IRS tax-exemption ruling in December 1994, 32 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 July 2024, Nordic Spirit Soccer Club Inc reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $597k to $1.1m (+90%), an average of +17% a year. The sharpest change came in the year to July 2021, when income rose by 50%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nordic Spirit Soccer Club Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within VT. Charities of a similar size with the same main cause include New Orleans Recreation Development Foundation ($1.1m), Woods Project Inc ($1.1m) and North Hills Amateur Hockey Association Inc ($1.1m).

On its Form 990 for the period ending July 2024, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $69k (6.1% of expenses). Other salaries and wages came to $404k. At year end it held assets of $336k against liabilities of $254k, net assets of $82k. It reported 112 employees.