Newtown Soccer Club Ltd

Analysis

Newtown Soccer Club Ltd is a registered charity in United States, based in Newtown, CT. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2024, Newtown Soccer Club Ltd reported income of $454k and spending of $415k, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $331k to $454k (+37%), an average of +6.5% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Newtown Soccer Club Ltd sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CT. Charities of a similar size with the same main cause include Sequoia Meadow Christian Ministries ($454k), Boys & Girls Clubs of Laurens & Johnson Counties Inc ($454k) and Western Carolina Pacesetters Inc ($454k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $223k against liabilities of $0, net assets of $223k.