Marblehead Youth Soccer Association

Analysis

Marblehead Youth Soccer Association is a registered charity in United States, based in Marblehead, MA. It received its IRS tax-exemption ruling in March 1980, 46 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, Marblehead Youth Soccer Association reported income of $118k and spending of $106k, spending 90% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $105k to $118k (+12%), an average of +12% a year. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Marblehead Youth Soccer Association sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Northern Colorado Swim Club Inc ($118k), Somerset County Interscholastic Athletic Asso Inc ($118k) and Newcomers Club of New Canaan Charity Fund ($118k).

On its Form 990-EZ for the period ending August 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $339k against liabilities of $86k, net assets of $252k.