Monroe Soccer Club Inc

Analysis

Monroe Soccer Club Inc is a registered charity in United States, based in Monroe, CT. It received its IRS tax-exemption ruling in March 1993, 33 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, Monroe Soccer Club Inc reported income of $196k and spending of $191k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $208k to $196k (-5.6%), an average of -1.4% a year. The sharpest change came in the year to December 2020, when income dropped by 54%. 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, Monroe Soccer Club Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within CT. Charities of a similar size with the same main cause include Parks Arts Recreation and Cultural Foundation of Thurston County ($196k), Northview Band Boosters ($196k) and Pittsford Community Lacrosse Inc ($196k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.