Wellesley United Soccer Club Inc

Analysis

Wellesley United Soccer Club Inc is a registered charity in United States, based in Wellesley HLS, MA. It received its IRS tax-exemption ruling in August 1990, 36 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Wellesley United Soccer Club Inc reported income of $1.2m and spending of $1.4m, spending 113% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.1m to $1.2m (+11%), an average of +2.7% a year. The sharpest change came in the year to August 2021, when income rose by 56%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Wellesley United Soccer Club Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Prairie Grit Adaptive Sports ($1.2m), Dallas Tennis Association ($1.2m) and LA Grange Celtics Sports Foundation ($1.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $45k (3.3% of expenses). At year end it held assets of $1.7m against liabilities of $937k, net assets of $738k. It reported 1 employees.