Belmont Soccer Association Inc

Analysis

Belmont Soccer Association Inc is a registered charity in United States, based in Belmont, MA. It received its IRS tax-exemption ruling in March 2004, 22 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 June 2024, Belmont Soccer Association Inc reported income of $374k and spending of $311k, spending 83% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $318k to $374k (+17%), an average of +3.3% a year. The sharpest change came in the year to June 2021, when income rose by 682%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Belmont Soccer Association Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Franklin Ski & Outing Club Inc ($374k), South County Youth Soccer Club ($374k) and Faithful Workouts ($373k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $548k against liabilities of $0, net assets of $548k.