Hingham Youth Soccer Inc

Analysis

Hingham Youth Soccer Inc is a registered charity in United States, based in Hingham, MA. It received its IRS tax-exemption ruling in March 2006, 20 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 December 2023, Hingham Youth Soccer Inc reported income of $255k and spending of $264k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $241k to $255k (+5.8%), an average of +1.4% a year. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hingham Youth Soccer Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Tracyton Soccer Club ($255k), Muskegon Bike Time Events Inc ($255k) and Bolingbrook Youth Baseball League ($255k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $250k against liabilities of $127k, net assets of $124k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.