North Reading Youth Soccer

Analysis

North Reading Youth Soccer is a registered charity in United States, based in North Reading, MA. It received its IRS tax-exemption ruling in May 1981, 45 years ago. 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 December 2023, North Reading Youth Soccer reported income of $180k and spending of $211k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $191k to $180k (-5.9%), an average of -1.5% a year. The sharpest change came in the year to December 2021, when income rose by 443%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Reading Youth Soccer sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include Nami Greenville SC ($180k), Habitat for Humanity International Inc ($180k) and New Seed Found ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. At year end it held assets of $237k against liabilities of $40k, net assets of $196k.