Far Post Soccer Club Inc

Analysis

Far Post Soccer Club Inc is a registered charity in United States, based in Essex JCT, VT. It received its IRS tax-exemption ruling in June 2002, 24 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 August 2023, Far Post Soccer Club Inc reported income of $1.3m and spending of $1.3m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.2m to $1.3m (+12%), an average of +2.8% a year. The sharpest change came in the year to August 2022, when income rose by 30%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Far Post Soccer Club Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within VT. Charities of a similar size with the same main cause include Tennis Memphis Inc ($1.3m), Devon Horse Show and County Fair Foundation ($1.3m) and Pembina Gorge Foundation ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 6.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $97k (7.7% of expenses). Other salaries and wages came to $386k. At year end it held assets of $574k against liabilities of $295k, net assets of $279k. It reported 106 employees.