Wakefield Soccer Association Inc

Analysis

Wakefield Soccer Association Inc is a registered charity in United States, based in Wakefield, MA. It received its IRS tax-exemption ruling in August 2016, 10 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 2023, Wakefield Soccer Association Inc reported income of $238k and spending of $214k, spending 90% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $255k to $238k (-6.7%), an average of -6.7% a year. 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, Wakefield Soccer Association Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Sutton Place Parks Conservancy Inc ($238k), Georgetown Baseball Club Inc ($238k) and Daviess County Lions Club Fair Inc ($238k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $68k (32% of expenses). At year end it held assets of $288k against liabilities of $60k, net assets of $228k.