Fishermen Youth Soccer Incorporated

Analysis

Fishermen Youth Soccer Incorporated is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in October 1983, 43 years ago. 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 November 2023, Fishermen Youth Soccer Incorporated reported income of $104k and spending of $69k, leaving 34% of income unspent that year. Across the 2 years on record, from November 2022 to November 2023, income grew from $71k to $104k (+46%), an average of +46% a year. The sharpest change came in the year to November 2023, when income rose by 46%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fishermen Youth Soccer Incorporated sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 45th percentile within MA. Charities of a similar size with the same main cause include American Opportunity Foundation ($104k), Cherry Creek School Distric Parent Teacher Community Council Inc ($104k) and Thomas Training & Development Center Inc ($104k).

On its Form 990-EZ for the period ending November 2023, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. At year end it held assets of $135k against liabilities of $0, net assets of $135k.