Friends of Vineyard Soccer Inc

Analysis

Friends of Vineyard Soccer Inc is a registered charity in United States, based in Vineyard HVN, MA. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Friends of Vineyard Soccer Inc reported income of $168k and spending of $147k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $133k to $168k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Vineyard Soccer Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Suvidha International Foundation ($168k), Boone County Senior Services Foundation Inc ($168k) and Elks National Veterans Service Commission ($168k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 94% of the total. At year end it held assets of $218k against liabilities of $0, net assets of $218k.